Monday, October 29, 2018

Lawyer lectures Leni on budget deficit: 'Bago pumuna, mag-aral muna para hindi maging bobo'



Atty. Glenn Chong and VP Leni Robredo
VP Leni Robredo’s demand for transparency from the present administration draws negativity not just from netizens but to known personalities who often believe in the Duterte government. One is Atty. Glenn Chong who became widely known for fighting the odds against electoral cheating and divulging the connivance of Smartmatic and Commission on Elections despite media blackout from large media networks.

If Leni demands government’s transparency, Chong demands on the consistent failures of Robredo. The Congress representative requires research rather than making a speech without knowing the facts so as not to make one’s self look stupid.

The lawyer explained further breakdown and extensive explanation of the current stand of the Philippines’ debt from the World Bank. On this, Vice President Robredo was given a free history lesson from Glenn Chong.

Going down memory lane 

According to Chong, the Cory Aquino all the way to Duterte administration, the government often suffer from a budget deficit. In a nutshell, the country’s fund is not sufficient enough to cater all the needs of the country as a whole. Only in the year 1994 to 1997, the Philippines does not experience deficit. So as to fill the gap, the government borrows money from the World Bank every year.

In short, the now existing 7.16 trillion debt is the layer coating debt from then on. Atty Chong slams Robredo for putting all the blame on Duterte administration.

Budget deficits undergo strict procedures

Among the congressmen, Leni should know better as budget deficits undergo as one of the Congress’ yearly agendas. Atty Glenn believes that any Congress person should know this, much more Leni. And if she doesn’t, her worth as a Congresswoman will be questionable. On the contrary, this remains as a malicious attack on Duterte.

Corruption 

The reason why the country is experiencing deficits is due to corruption and red tape, Glenn added.

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WALANG KATAPUSANG PAGKAKAMALI
NI LENI ROBREDO!!!

Tila walang katapusan ang pagkakamali ng ale na ito.


Leni Robredo demanded, take note, she demanded, na ipaliwanag ng administrasyong Duterte kung bakit lumubo ang utang ng gobyerno sa P7.16 trilyong piso (7,160 bilyong piso o 71,600 milyong piso).


Bago pumuna, dapat mag-aral muna upang hindi magmukhang BOBO!


Mula 1988, panahon ni Corazon Aquino, hanggang 2017, panahon ni Rodrigo Duterte, pati na ang panahon ni Noynoy Aquino, kulang ang nalilikom na pondo ng gobyerno upang matustusan ang mga pangangailangan ng sambayanan. Ang tawag dito ay budget deficit.


* Sa mga taong 1994 hanggang 1997 lamang na walang budget deficit ang gobyerno.



On the average, mula 1988 hanggang 2017, ang budget deficit ng ating bansa ay pumapalo sa 2.08% ng kabuuang halaga ng mga produkto at serbisyong nagagawa ng bansa o Gross Domestic Product (GDP). Ito ay pumapalo sa daan-daang bilyon taon-taon.


Dahil dito, napipilitan ang gobyerno na mangutang upang mapunuan ang pagkukulang sa pondo nito, taon-taon. Kaya ang P7.16 trilyong utang ngayon ay accumulated debts o pinagpatung-patung na utang mula pa noon.


Kaya maling-mali na ang administrasyong Duterte ang pagbibintangan ni Leni Robredo sa mga pagkakautang na ito.


Besides, ang budget deficits na ito ay dumadaan sa Kongreso kada taon. At dahil naging kasapi si Leni Robredo ng Kongreso, dapat ay alam niya ito. Kung hindi niya ito alam, wala pala talaga siyang silbi bilang Congresswoman. Kung alam naman niya ito, malisyoso ang kanyang hininging pagpapaliwanag sa Pangulong Duterte. Pumili lang siya sa dalawang ito – kanyang kabobohan o malisyosong pagpaparatang.


Finally, bakit palaging deficit ang ating budget? Simple lang ang dahilan. Kurapsyon sa pangungulekta ng buwis at kurapsyon sa paggastos ng pera ng bayan.


Dahil sa marumi at madayang halalan, nakakapasok at nananatili ang mga kurakot na politiko na walang ginagawa kundi patuloy na halayin ang kaban ng bayan. At dahil nakikita ito ng mga kolektor ng buwis, pati sila nangungurakot at din. Kaya this vicious cycle goes on and on.


Source: Atty. Glenn Chong