Friends and I have been comparing online what we were spending on food, what we were scrimping on, what little joys and luxuries we decided to do without. And we all agreed about making these sacrifices during these times, but what about the greater number of indigent Filipinos? What were they eating given the rising...
Tag: President Ferdinand Marcos Jr.
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The state of our nation
My students found it very difficult to identify two of the current administration’s notable accomplishments in public finance. I can appreciate their difficulties. The budgetary deficit in 2022 was a staggering P1.61 trillion, or 7.33% of GDP. Government spent P5.16 trillion last year but raised only P3.54 trillion in revenues. I cannot help but wonder why...
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‘Let’s not be blind to history’ in enforcing new rice production program
The strongman Ferdinand Marcos Sr. was said to have achieved some measure of success in “Masagana 99,” when farmers harvested more palay per hectare in the late 1970s. Backed by new technology, high-yielding varieties, cheap fertilizers and the construction of megadams in Luzon, the rice production program yielded modest surpluses for farmers for one or...