As the country’s coronavirus cases soar, the government also faces another gruelling challenge in raising money for workers’ salaries, as well as
Like an ordinary Filipino who worries every day about being able to pay his bills after losing a job or taken a cut in pay due to the outbreak, the government is also feeling a significant financial pressure today after its revenues saw large declines because of the depressed economy.As of June this year, the government borrowed ₱1.72 trillion, that’s more than double than its ₱840.8 billion borrowings last year, and already exceeded the ₱1.4-trillion financing it originally planned for 2020.
For investors and economists, the debt-to-GDP ratio, not the total outstanding debt, is the useful tool in gauging the country’s creditworthiness or ability to pay off its debt — a higher ratio indicates a higher risk of default. Finance Secretary Carlos G. Dominguez III, the government’s chief economic manager, indicated that the government will need a total of ₱6 trillion worth of borrowings for this year and next year to weather the COVID-19 crisis.to 53.9 percent by the end of 2020 and 58.3 percent in 2021.
Since the downgrade in July 2005, the Philippines received 25 favorable actions from the debt watchers, bringing the country’s credit rating to “BBB+” or just a single notch below the much coveted A-scale for S&P Global Ratings. “Debt moratorium has not crossed our mind. It was never entertained or will ever be a part of our crisis response measures,” Dominguez assured.
Sa dami nga ni-loan ng gobyerno kaliwat kanan di mo tuloy alam kung saan na napunta kung ano anong proyekto pinaglalagay ang pondo. Kawawa nanaman nito mga tax payers.
Audit the auditor. Imbestigahan ang Coa. Coa / Lgu / local dilg / local denr / local Bir
Baka po pag hindi pa kami makaaalis Avalanche. Storm. Flood. Disaster. Na ang abutin namin mga nurses with employment contract abroad.