The Philippine economy is definitely in bad shape, made even worse by the difficult choice between addressing health-related problems and the sinking economy.
A classic example is the NEDA’s recommendation to the President to allow children 10 years old and above to go out of their homes with their parents, as NEDA studies show 50 percent of the economy is driven by family activities outside their homes.
It was a very sound NEDA suggestion that was initially given due course but recalled immediately, instead of first considering a middle ground that would have accomplished both – like closely supervised or monitored family outings.
Policy decisions play a vital role in striking a balance between long-term implications on the economy and the immediate effects on our people’s health concerns. The right decisions will chart our path towards a sustainable “new normal,” pull us out from pits of social and economic distress, and shape a safer and more resilient society.
The COVID-19 pandemic has placed the government in a very precarious situation as in a tightrope-like balancing act between health and economic issues, which presents a no win-all situation.
That is why it is revolting to discover so much unabated corruption in PhilHealth involving billions that could have been put into good use in adequately addressing at least the issue of health.
Having said that, I would like to believe, as often expressed by the country’s economic managers, that we continue to benefit from our strong economic fundamentals which can pull us through this crisis, until such time that a vaccine that has guaranteed efficacy is finally developed to address the pandemic.
In an interview, Sen. Lacson answered questions on:
– mulitbillion-peso wastage of taxpayers’ money due to RROW issues
– need for government to shift focus to the economy
– possible food crisis
– on Pagcor action on PH offshore gambling operations
– recent bombings
In an interview on DWIZ, Sen. Lacson answered questions on:
– the Isulan bombing and Senate Bill 1956 (Anti-Terrorism Act of 2018)
– pork in the proposed 2019 national budget
– need for government to shift its attention to the economy
– President Duterte’s recent strong statements against possible abuses by China
– timetable of Senate relocation
In an interview on DZBB, Sen. Lacson answered questions on:
– dialogue between President Duterte and Catholic Church leaders
– continued support for President Duterte; adjustments his administration can make in the next 4 years
– more crime prevention, police visibility needed
– need to reassess the economy, including external factors
– consistency and having only one standard in fighting corruption
– continued jueteng operations
– localized peace talks with CPP-NPA-NDF
– fighting terrorist groups
– developments in the West Philippine Sea