With the stability of the peso continuing to strengthen the country’s fiscal position, Malacañang expressed confidence Thursday that it can achieve its goal of reducing government’s debt from the present 72 percent of gross domestic product (GDP) to 50 percent of GDP before President Gloria Macapagal-Arroyo’s term ends in 2010. [ READ THE FULL ARTICLE ]
2 comments:
the peso may be "going strong". but how all these economic BS trickles down to the poor like you and me is a diferent question.
Anoher bigger BS yesterday was the palace's claim that RP debt will be trimmed in half by 2010.
i'll bet you a year's worth of satti that its all, well BS!
gracias!
Thank you for your comment, and I have to say that I may not be able to taste your satti!
Editor
Zamboanga Journal
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