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P326-B in new revenues needed yearly to cover Covid debt - Vimarsana News

P326-B in new revenues needed yearly to cover Covid debt

MANILA - The incoming administration will need around PHP326 billion in new revenues every year to cover both principal and interest payments due to debts incurred during the coronavirus disease (Covid-19) pandemic, a House leader said on Monday. House ways means committee chair Joey Salceda said presumptive President Ferdinand "Bongbong" Marcos Jr. can use his "supermajority in both mandate and congressional alliances" to enact smart, efficient tax and economic policies to address the PHP12-trillion debt overhang. He said annuitizing the debt service due to deficit spendin...

Detailed text transcripts for TV channel - CNN - 20110322:09:02:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20110322:09:02:00

The head of u.s. forces in the region says, progress so far has been, quote, very effective. no libyan aircraft have been seen since allied operations began at the weekend. on the ground, government forces are gradually being pushed back from rebel-held benghazi. >> the coalition extended no-fly zone across other parts of libya. allied planes flew enforcement missions over tripoli and misrata since start. coalition forces have fired 159 tomahawk cruise missiles on libya. a military spokesman says after the initial strikes american forces were moving into what he called a patrolling phase. cnn'...