May 27, 2021
BusinessWorld May 27, 2021 | 6:45 pm In our column two weeks ago, “Imminent existential threat, or outright fiscal meltdown?” ( BusinessWorld, May 14, 2021) we indicated that unless the military and uniformed personnel pension system is overhauled, the sponsor of the bill, Albay Rep. Joey Salceda underestimated its outcome. It’s not just an existential threat, but rather an outright fiscal meltdown. There is another fiscal downside risk and the National Government’s (NG)...