More problems on the fiscal front
The government, which translates to the next president who is inheriting from Gloria, would not only be grappling with dwindling tax collections and higher debt payments but the possibility of increased cost of borrowings as credit rating firms have been reportedly thinking of downgrades on the country due to the runaway deficit. The budget shortfall is expected to hit unseen levels of more than P300 billion this year and around P250 billion next year which Gloria has been attributing to the global economic slowdown and the government’s response to it that necessitates.... MORE Source: The Daily Tribune ALTERNATE URL: http://www.classicposters.com/commentary/20091220com1.html |
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29. Alam n'yo kaya na ngayon ang ika-115 na pagdiriwang ng pinakaunang
labanan ng Himagsikan bago pa man ang pangkalahataang pag-aaklas? Ngayon
unang lum...
13 years ago