Simplifying the national budget:
* According to the DOF, this year, we are borrowing P4.1 billion a day because our daily income of P11.7 billion is not enough to cover our daily expenses of P15.8 billion.
* Last year, we failed to use (as we always do), P1.16 billion of our daily budget of P14.4 billion.
* Next year, we are asking Congress to allow us to spend P17.4 billion per day. Only Heaven knows how much more we will fail to spend and worse, how much more we will borrow.
Simplifying a question: Why do we keep borrowing while increasing a budget that we can’t fully spend?