Tag: debt

On the Challenges Facing a Leader

Sailing into the sea is the easiest decision to make. Not knowing how rough the water is the dangerous part. Measuring one’s skills in steering the boat is a big responsibility especially when people’s lives depend on it. Best to think long and hard. It is not a game or a joke.

This applies to everyone, actually. Consider the following:

* Outstanding national debt of P10.774 trillion as of March 2021, ballooning to P10.991 trillion as of April 2021

* 3.44 million Filipinos out of jobs as of March 2021

* Shortfall in revenue collections, with revenues at P2.84 trillion already including non-tax revenues like dividends, fees, etc., compared to the original target of P3.25 trillion, based on the Development Budget Coordination Committee’s 2019 projections for the 2020 General Appropriations Act.

Then there’s the continued uncertainty of the pandemic situation in the country and the whole world, not to mention a whole lot of other problems that will confront the next administration like the West Philippine Sea, illegal drugs, corruption and even issues surrounding the Bangsamoro Autonomous Region in Muslim Mindanao, and God knows what else.

*****

Ping: ‘Nakahiligang’ Pangungutang ng Gobyerno, Saan Napupunta ang Pondo?

Utang dito, utang doon, pero ano ang kinahinatnan ng perang inutang?

Ito ang tanong ni Senador Panfilo Lacson kasabay ng pagsasabing maaaring kailangang manghiram ang pamahalaan para manatiling nakatayo ang ekonomiya ng bansa, pero dapat na nakikita ang kaakibat na resulta ng sangkaterbang salapi na inuutang.

Ang mga serye ng pangungutang ng pamahalaan ay lalong natambad kay Lacson nang una siya naging senador noong 2001.

“When I first became a senator in 2001, our national government’s outstanding debt was P2.88 trillion. Over the Arroyo, Aquino and Duterte administrations, it has ballooned to P10.027 trillion as of October this year, from P8.2 trillion at end-2019,” banggit ng mambabatas sa panayam ng Radyo 5.

Related: Sad Reality: Lacson Scores Government Penchant for Borrowing
Continue reading “Ping: ‘Nakahiligang’ Pangungutang ng Gobyerno, Saan Napupunta ang Pondo?”

Sad Reality: Lacson Scores Government Penchant for Borrowing

Sen. Panfilo M. Lacson on Tuesday scored the government’s penchant for borrowing, but not always with the corresponding results.

Lacson said that while borrowing may be necessary for the economy, the Philippine government has yet to show results of the trillions of pesos it has borrowed over the years.

“When I first became a senator in 2001, our national government’s outstanding debt was P2.88 trillion. Over the Arroyo, Aquino and Duterte administrations, it has ballooned to P10.027 trillion as of October this year, from P8.2 trillion at end-2019,” he said in an interview on Radyo 5.

Related: Ping: ‘Nakahiligang’ Pangungutang ng Gobyerno, Saan Napupunta ang Pondo?
Continue reading “Sad Reality: Lacson Scores Government Penchant for Borrowing”

#PINGterview: What’s Next for PhilHealth?

In an interview on DZXL, Sen. Lacson answered questions on:
* How Anti-Terror Law could have prevented Jolo blasts
* National debt
* Suggestions to strengthen PhilHealth

QUOTES and NOTES:
Continue reading “#PINGterview: What’s Next for PhilHealth?”

Ping: P71K Na ang Utang ng Bawa’t Pinoy sa Year of the Pig, Lumobo Dahil sa Pork!

Dirty pink pig, Moorea, French Polynesia

Mga nakikinabang lang sa pork barrel ang magiging masaya at mataba sa pagpasok ng taong 2019, na tinaguriang Year of the Pig.

Ito ang nilalaman ng mensahe ni Senador Panfilo Lacson sa kanyang Twitter account, matapos unang ibunyag na umaabot na sa P71,000 ang utang ng bawa’t Pinoy.

“2019: Year of the Earth Pig. Brace yourselves for more pork,” saad ni Lacson sa kanyang Twitter post.

Related: Lacson: Filipinos P71,000 in Debt as They Face the Year of the Earth Pig
Continue reading “Ping: P71K Na ang Utang ng Bawa’t Pinoy sa Year of the Pig, Lumobo Dahil sa Pork!”

Lacson: Filipinos P71,000 in Debt as They Face the Year of the Earth Pig

Dirty pink pig, Moorea, French Polynesia

The coming year may be a happy one only for those who continue to benefit from the pork barrel system – and a burdensome one for the rest of the Filipinos.

Sen. Panfilo M. Lacson said every Filipino, even those born just now, is already saddled with a whopping P71,000 debt, no thanks largely to the corrupt pork barrel system.

“2019: Year of the Earth Pig. Brace yourselves for more pork,” Lacson said in a post on his Twitter account.

Related: Ping: P71K Na ang Utang ng Bawa’t Pinoy sa Year of the Pig, Lumobo Dahil sa Pork!
Continue reading “Lacson: Filipinos P71,000 in Debt as They Face the Year of the Earth Pig”