MANILA, Philippines — The THE government adopts measures to perk up and pump-prime the economy.
Yes to timely action, no to economic slowdown.
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The measures include boosting domestic consumption, ensuring price stability, and securing investments, says the National Economic and Development Authority (NEDA).
Yes we need them – and other appropriate intervention measures, too.
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“We will continue with measures to accelerate fiscal spending, strengthen economic relations with fast-growing ASEAN economies, and diversify domestic and external trade,” says Socio-Economic Planning Secretary Cayetano Paderanga.
Indeed, time for us to move fast as world economy slows down.
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Paderanga adds that the national and local governments will jointly introduce innovative credit facilities mainly for the agriculture and fisheries sectors through cooperatives, thrift banks, and other lending enterprises.
Credit is good when cash is tight. But no bumbay and five-six, please. He-he!
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The expected results are more jobs, increased incomes, and improved social welfare, the NEDA chief says.
Okay, let’s give our best. And hope for the best.
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Likewise, Budget Secretary Florencio Abad says that the government disbursed R150.7 billion in November, surpassing programmed expenditures of R148.7 billion.
Time for greater public spending.
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“It shows a vigorous upswing of R2.0 billion,” Abad says.
Okay, let’s swing higher with greater vigor.
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Meanwhile, the government will likely meet its tax collection target of R940 billion this year, says BIR Deputy Commissioner Nelson Aspe in a forum.
Hard work and integrity will likely do the trick.
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But the country needs to abide with the ruling of the World Trade Organization (WTO) declaring illegal the high excise tax being imposed on imported alcohol products, says the Finance Department.
Okay. Who says we can’t adopt change? Hic!
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