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                    [Title] => Face our fiscal crisis
                    [Summary] => Undoubtedly, the biggest problem all Filipinos will have to confront is our acknowledged fiscal crisis. The best attitude for every individual is to have the hope for the best but be prepared for the worst. One thing is certain, it is a problem that will be with us for a long, long, time. Our foreign debt is P2.35 trillion. Our domestic debt is even higher – P2.48 trillion. We have a debt service of P270 billion and a tax collection of only P 343.3 billion. Our budget deficit is P80.1 billion.


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                    [AuthorName] => Alejandro R. Roces
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LYMAN ABBOT

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abtest

Face our fiscal crisis

By ROSES AND THORNS | By Alejandro R. Roces | August 26, 2004 - 12:00am

Undoubtedly, the biggest problem all Filipinos will have to confront is our acknowledged fiscal crisis. The best attitude for every individual is to have the hope for the best but be prepared for the worst. One thing...

Opinion