Under the new Marcos regime, how will the country pay for its debts? Ibon Foundation, an independent think tank, said that government officials are eyeing higher taxes in the coming years.
Tags: debt servicing
While it is true that education has gotten the biggest allocation so far in the proposed 2014 national budget, it still does not comply with the constitutional mandate that education should get the biggest allotment nor does it meet the UN standard of six percent of the GDP. – Alliance of Concerned Teachers
By ANNE MARXZE D. UMIL
Meager spending for social services show that the 2012 budget is anti-people and far from being a ‘reform budget’.” – Vencer Crisostomo, national chairman of Anakbayan.
In theory, the national budget can be a powerful mechanism for ensuring that public resources are used for the welfare of the majority. Unfortunately, narrow interests have perpetually hijacked the direction of Philippine economic policy and this is fully reflected in the national government budgets annually drawn up and implemented. By Sonny Africa Bulatlat.com President…