This post finds comfort in the interview of incoming DOF secretary Ben Diokno regarding the new administration plan on how to handle the debt problem, the no PHP problem that incoming administration (where was the data gathered?)
The good former BSP governor said that the fundamentals of the country is good right now. In his long years with govt service and witnessing one crisis after another, the incoming secretary said that the country's finances are OK (maybe in reference to Sri Lankan problem) Our international reserves which stand at about $100 billion (P7 trillion) is sound. We are not under IMF control, we contribute to IMF rather than receiving aid from it. This is a good statement to calm our people and investors, and standing with the world financial market. It is a pity that news anchors and detractors of the govt make negative
view of our present govt.
(The hypothesis being that the Jr. Marcos will place RP again in difficult financial problems. And that PDDU has siphoned off funds of the govt.
Some difficulties too with anchors pretending to know it all even the economic and fiscal issues for which they are not. (This is not the first time that the good expert has lectured the newshen on finer points of goverrnance.
The more difficult task is to place PHL in growth trajectory which will generate jobs and taxes.
