PH finance chief downplays country’s debt | ANC

[@diegojacinto4009]

Sorry the finance secretary is a politician not a technocrat, the budget secretary is a pencil pusher, the neda secretary is an out of touch professor. What clowns they all are

[@bonkersblock]

Filipinos needs to learn the difference between a “domestic debt.” And “external debt.” Philippines has majority of its debt domestically! And NO! We don’t borrow from China!

[@roblox737mbll5]

In economy debt is important especially it is a form of investment... Kaya nga yung Singapore at Japan ang laki ng debt dahil investment yun.

[@jay00721]

Di pa rin namin nakakalimutan ang EVAT

[@RR52517]

Evat helped the country economically. The country paid its IMF loans and now the country gets an investment grade.

[@PTomas-b1b]

I remember my deceased friend from economic team of a gov't institution way back in mid 2000s, he told me when Recto first came to NEDA, at the very first meeting, ang unang sinabe nya "Paano ba tayo kikita dito?" not my word, yan lang sinabe saken nung nasa meeting na yun, who already passed away, and ever since that, yan lang naalala ko whenener I see Recto, aside from VAT

[@alma09876]

There is VAT in almost every country now. In western countries, the VAT rate is at least 20%. In the Philippines, the VAT rate is still lower at 12%.

[@maharlika6746]

Kya hindi kakasa yan ngayon palang nag reaction agad ang mga aliporis para bang takot sila😅

[@relitagenovese2983]

YOU'RE PROPOSING NEW TAXES...

[@edgaragtoto2528]

😂 Interest on a debt grows even without rain it's called compound effect 😂 and it should not be debt to GDP ratio but debt to tax revenue ratio 😂 to cover the principal and interest

[@edgaragtoto2528]

😂 there are two ways to consume one is pay in cash the other is use credit the government loan is credit consumption causing inflation bsp and finance department must be honest enough to educate the public government fiscal and monetary policy causes painful Inflation 😂

[@BertB-qt9mx]

mr. evat can simply raise our taxes.

[@junielesparas8018]

Andaming taxes 😂hindi kona mabilang property tax , VAT , income tax , luxury tax etc..

[@julietb1234]

So anong solutions nila sa increasing cost of living?

[@rcvlogs4101]

The whole world cost of living is increasing not only in the Philippines. Wag lang focus sa isang bansa tignan mo din yong ibang bansa madaming homeless.

[@alma09876]

That's why in wealthier countries, the salary of their workers became higher because the only solution to increasing cost of living is to increase as well the labor rate.

[@relitagenovese2983]

Huwag Daw mag CONCERN sa DEBT.... HINDI BA Mas MAGANDA KUNG WALANG DEBT????

[@gymleader3007]

Debt= investments

[@GolDRoger-fx2fp]

​​ where are the investment? Debt is slavery. Paano yan naging investments?.

[@RR52517]

Name a country with no debt.

[@GolDRoger-fx2fp]

@@RR52517 the question is where their debt came from if all country have debt?.

[@GolDRoger-fx2fp]

@@RR52517 @RR52517 the question is where their debt came from if all country have debt?. @RR52517 bakit mo itinatakwil yung idol mong si Digong? Diba magkaka-sindikato lang kayo diyan kasama ni Marcos? Iisa nga lang gawain niyo diba? Diba pareho niyong INILUBOG sa UTANG yung mga JEEPNEY DRIVERS? Paano mo malulusutan yan?