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Pangilinan warns vs tight fiscal space amid P11 trillion debt


By HANA BORDEY, GMA News
Published July 8, 2021 1:30pm
Senator Francis Pangilinan has warned that the government’s fiscal space will further tighten as public funds intended for social services will now be diverted to pay the country’s P11 trillion outstanding debt.
“The fiscal space will definitely tighten as resources that would otherwise go to services, amelioration programs, and the much needed stimulus package will then be diverted for servicing our debts,” Pangilinan told GMA News Online.
His statement came after the Bureau of Treasury announced that the national government’s outstanding debt stood at P11,071,130,000,000 as of end of May 2021. ....

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NEDA: Hike in pork imports won't kill Philippine hog industry


NEDA: Hike in pork imports won’t kill Philippine hog industry
Cecille Suerte Felipe
© Michael Varcas, file
NEDA: Hike in pork imports won’t kill Philippine hog industry
MANILA, Philippines The National Economic and Development Authority has given assurance that the decision of President Duterte to increase the volume of imported pork and decrease tariff rates will not kill the local hog industry, but instead ensure adequate and affordable food supply and prevent higher malnutrition and poverty.
During the continuation of the Senate committee of the whole’s hybrid inquiry yesterday on the food security crisis brought about by the outbreak of African swine fever (ASF) in the country, NEDA acting Secretary Karl Kendrick Chua said Duterte’s Executive Order 128 is meant to help fill the deficit, reduce food prices and ensure the adequacy of food supply. ....

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