“It’s time President Marcos must put his foot down on corruption if only to show to the people his firm determination to eradicate graft and corruption”
I must commend him for trying presidential persuasion to stop sugar prices from escalating following an artificial shortage. Whoever is responsible must face the full force of the law because the continuous entry of illegal drugs becomes a threat to national security. President Marcos must not forget that Customs also allowed the smuggling of vegetables into the country.The House of Representatives received this week the 2023 proposed general appropriations act or national budget for the year amounting to P5.268 trillion but nearly ⅓ of which represents interest and principal which will be due next year amounting to P1.6 trillion.
Thus, President Marcos now must reinvigorate job creation and reduce poverty by steering the economy back to its high growth during his six-year term.Despite the debt payments under next year’s budget which will include a record P1.02 trillion in principal amortization from P 751 billion, the government’s debt payments will be due this year, on top of P582 billion in interest, up from this year’s P512.6 billion.