Archive for April 16, 2009

4.22 Trilyones as of December 2008!


PhotobucketThe Philippine government through the Bureau of Treasury has recently published data which showed that, as of the end of 2008, the Philippines central government debt reached 4.22 trillion pesos (1 U.S. dollars approximately 48 Philippine pesos), compared to the previous year in the growth of 5090 billion pesos.

One of the major reasons all administrations since the Marcos Regime have been relying too much on foreign debt is due to the existence of the Marcosian Automatic Appropriations Law on Debt Servicing, now contained in Section 26 (b) Book 6 of the Revised Administrative Code of 1987 or the Automatic Appropriations Law on debt servicing (formerly PD 1177).

Buknoy, ikaw ay namulat na ang kahirapan ang problema ng ating bayan. Alam naman natin ang solusyon sa problema. Ayaw lang ipatupad sapagkat ang mga nasa pamahalaan ay hindi kikita sa solusyon. Hindi sila kikita sa solusyon sa problema ng kahirapan.
(more…)

Advertisements

April 16, 2009 at 5:11 am Leave a comment


Welcome to Northern Watch Online.You are visitor no.

  • 915,578 since Feb. 10, 2009

Events Watch

sugod agri-expo Photobucket

Last Week’s Cartoon

Photobucket

Previous issues

Day Watch

April 2009
S M T W T F S
« Mar   May »
 1234
567891011
12131415161718
19202122232425
2627282930  
Regional blogs & blog posts
Regional blogs
Media blogs
Opinion blogs
Community blogs

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 1,430 other followers