Utang Pambayad Utang!
Ano ang opinion nyo tunkol sa pag Tap up ng utang ng ating gobyerno? Tama! Uutang para makabayad daw ng utang....Buti sana kung ang uutangin ay gagamitin ng tama para nga mabayaran ang utang ng ating Ina, pero paano kung kulimbatin na naman ito ng mga buwaya ng ating Bansa at imbis na mabawasan ang utang ng ating Ina ay lalo pang madadagdagan ito? Makakabayad pa ba tayo sa pagkaka-utang natin? at kung maka bayad man eh hanggang ilang henerasyun kaya ang bubuno sa utang na ito? May Estimated na Php 44,000.00 na utang ang kada pilipino sa edad na 9 to 91 taong gulang. Paano? Paano na...
"Manila plans to tap domesticmarket for $10 billion loan"
MANILA The Philippines, whichsold dollar- denominated debt three times this year, may turn to the domestic
market to raise funds to help temper currency gains,
Finance Secretary Gary Teves said.
“We are not ruling it out as one of the options” for future requirements, Teves told reporters in Manila. The central bank asked during a meeting if we would consider shifting to domestic borrowing if peso gains accelerate, he said late on October 23.
The peso climbed to a ninemonth high on October 15,
prompting the central bank to purchase dollars to slow theadvance.
The Philippines, which buys almost all its oil overseas and is the world’s biggest rice importer, has to balance
requirements for a currency level that boosts exports and
overseas remittances while curbing import costs.
“The currency is very volatile,” Teves said, after the
peso last week posted its biggest weekly decline in four
months. The Philippines sold $1 billion of dollar
denominated bonds on October 17, bringing total overseas sales this year to $3.25 billion to cover a record budget deficit.
The government could tap the domestic and overseas markets for future funding requirements, Governor Amando Tetangco said on October 23. “There is liquidity
out there needing to find an appropriate home in terms of
yield,” he said.
The Philippines plans next year to borrow about 475 billion pesos ($10 billion) from the domestic market while the remaining 28 percent of a 660 billion peso total debt plan may come in part from official development loans and $2 billion from overseas bond sales.
The deficit is forecast to narrow to 233 billion pesos in 2010 from a projected 250 billion pesos in 2009.
The government may delay the sale of yen-denominated bonds to next year given its ‘comfortable’ cash position,
Teves said earlier on October 23.
The nation may sell moredollar bonds in the first quarter,Teves said on October 19.
