Focus more on long-term investments than debt payments: solon
Albay Rep. Joey Salceda (File photo) MANILA - The chairperson of the House Ways and Means Committee on Tuesday said while the country's debt levels are still manageable, the government should be investing more in long-term, growth-creating programs rather than debt payments. Albay Representative Joey Salceda emphasized the need to bring the infrastructure and long-term investments to a healthy level than debt payment. He, however, pointed out that the capital outlays for the fiscal year 2022 is PHP1.019 trillion, or 20.3 percent of the national budget, or around 5.6 percent of the gross do...
Source: philippinetimes.com
