Despite the lack of resources, Senator Francis “Chiz” Escudero on Sunday, June 4, said he agrees with the proposal to increase the cash grant under 4Ps, the government’s poverty reduction program. ManilaBulletin
Senator says government has yet to deal with the country's debt, which tripled in the last 13 years, especially during the global Covid-19 pandemic.
“The Philippines owed P13.9-trillion this past year, P1.1-trillion was owed by the Marcos administration; the Duterte administration owes more than P6-trillion. President Aquino owed more than P1- trillion and his inherited debt is just over P4-trillion,” Escudero pointed out. On top of that is the government’s commitment to provide the pension of its military and uniformed personnel and other significant social services for the Filipinos.
“So our debt is so big and growing even though this administration is only a year old. Are we going to increase our expenses again and if we do, do we have more resources?” Escudero pointed out.
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