|Subject:||[socialcredit] Philippine 2007 Budget And Hunger In The Philippines by Eric V. Encina|
|Date:||Friday, March 23, 2007 21:12:36 (-0700)|
|From:||Eric Encina <ericencina @.....com>
Philippine 2007 Budget And Hunger In The Philippines
By Eric V. Encina
On March 23, 2007, the Philippine President Gloria Macapagal Arroyo has signed
into law the 2007 Philipine National Budget Allocation of P1.126 Trillion without
the usual ceremony of lawmakers though they are witnessing the signing. As
usual, the budget comes from the reported revenue taxes with heavy 12% EXPANDED
VALUE ADDED TAX, still under huge deficits, and of course
supplemented by domestic and foreign borrowings.
ILLUSION to Growth:
The Philippine Budget Secretary Roland
Andaya, Jr. said this is year appropriation is a "social payback to the people
for tghe fiscal turnaround of their government, and will cure under-spending,
spur economic growth, fund infrastructures and finance human development, etc.
HOW COULD THAT BE? When 2007 DEBT SERVICE to domestic and foreign
borrowings is at 28.3% or P303 BILLION which is the HIGHEST OF ALL top items in
Some documents reveal that actually the total interest
payments of the Philippine Government are almost P645.9 Billion annually. We have
the domestic debts, the
bilateral debts and the multilateral debts at compounding interest charges.
Reportedly, the amount of principal amortization is tucked away as an off-budget
item, meaning we cannot see iot in the actual proposed national budget. It is
being kept to secret.
LET'S TAKE A LOOT THE GREAT MONETARY
The Pbhilippine 2007 capital outlay spending is pegged at P131.4
Billion representing 11.68% but take a look, THE DEBT SERVICE is in staggering
P303 Billion representing 28.3% that appeared in the national budget but in the
off-budget item, the debt service is actually more or less 60%.
debt-induced-slaved Philippines under the debt money system, the Philippine
interest and principal payments are deemed as AUTOMATICALLY APPROPRIATED BY
PRESIDENTIAL DECREE NO. 1177,
institutionalized as Sec. 26 (a) Book 6 of the Philippine Revised
Administrative Code of 1987. That is, we cannot be allowed to touch them, though
we can scrutinize them but we are not allowed to slash them. This is the savage
cruelty of the imperialism of debt money system when there is A PRESIDENTIAL
DECREE TO PRIORITISE OF BILLIONS OF MONEY to pay interest to foreign and
international banks at the cost of the sufferings of 80% of poor Filipino
population most particularly the children and families in the villages.
This 2007 budget is taken from tax revenues, from domestic and foreign
borrowings eventhough the reported total revenues of P1.118 Trillion, with P1.26
Trillion budget, resulting in a deficit of P63 Billion as of this month of March
Budget and or trade deficit is always an inevitable result of
interest payments, that
eventually cause inflationary pressures and devaluation of Philippine peso.
Devaluation of Philippine Peso in front of the rising prices of basic
needs and services is a another cruel repercussion of debt money system. No
matter how intelligent you may be in the budgeting or spending, the money is
still scarce and losing its value in front of so many multitudes in needs of
help. And this is our actual experience here. Doing any projects is enormously
affected by devaluation of Philippine money, that's we are remained in the
dungeon of financial-economic miseries.
POVERTY AND HUNGER IN THE
Of course, expectedly, poverty and hunger remain
to be a threat, a tragedy in the Philipine countrysides under the present debt
inflationary-devaluation-prone circumstances. This 2007, 53% reportedly, of
Filipino families are suffering poverty and in fact rising in numbers in all
Philippine region: provinces and villages.
Self-rated poverty which
is more reliable than mere figuring out of the authorities, therefore rises in
Luzon region from 48% to 53%, in the Visayas, it rises from 55% to 59% and in the
Mindanao-Southern Philippines from 54% to 57%.
In other words, under
the present debt money system, the lack or absence of money, likewise the
monetary and material poverty exist side by side, the rising prices of prime
commodities, basic needs and services, the decreasing or loss of income, the
rising problems of unemployment and or underemployment, the bankruptcies, the
perennial problems of calamities--NOW CLIMATE CHANGE, THE VIOLENT WEATHER CHANGES
and linger around from time to time which rendered Government unprepared
financially to help the victims, also the increasing debts of individuals,
employees, families to usury-based debts and loan sharks, the skyrocketing costs
of services like education, medical, legal and social needs, AND AGGRAVATED by
violence, crimes and political bickerings and crisis played by numerous political
parties dividing the FILIPINOS into fight, THUS SHOW that POVERTY stays
tragically unchanged at the national level. POVERTY CASE IS A PLAN or PLOT of
those who control money and economics. Why? Because the government prioritises
the payments of interest to global mega-bankers-without concerns to the plight of
the poor inhabitants, the farmers and the ordinary workers, the wrong targets of
government expenditures, the projects that are not in touch with reality, and not
for human development. And this is tragically happening because we remain in the
OLD SYSTEM of borrowing
money and incessantly taxing peoples to finance only for the INTEREST AND
PROFITS OF THE BANKS that feeds up their dinasaurian stomach with their
insatiable greed and avarice for money power. And thus the government is not
OPEN to a new science of economics of liberation, of economic democracy---where
and when we can have DEBT-FREE MONEY CREATION TO FINANCE THE EXPENDITURES AND
PROVIDE ECONOMIC SECURITY TO THE FILIPINO PEOPLE.
Because of the
debt-money-system effect of devaluation of money and the increasing prices of
basic needs and services, the poor families have been lowering forcefully to the
ground their standards of living. The common poverty threshold of more than $100
a month in Luzon, Visayas and Mindanao regions remains unchanged since the last 5
years. 39% of Filipino families consider themselves realistically as poor when
referring specifically to the food they eat. Some
household heads reported as I also meet them and narrate to me that their own
poverty both food and hunger are remained as internally consistent. 30%
experience hunger in the past 3 MONTHS. In poverty, there are various degrees of
deprivations. Those who suffer from hunger are much more deprived than those who
simply suffer from poverty but with foods and or like those under-employed.
The survey on hunger released by Philippine Social Weather Station on
March 19, 2007 showed that hunger incidence or tragedy in the country remained at
a record high of 19%, with 3.4 MILLION FILIPINO FAMILIES saying they experience
involuntary hunger at least in the past three (3) months.
LACK OF FOODS AND GOODS FOR LIFE?
The paradox is: there is no actual
lack of foods and goods for
life. The present age of plenty provides enough foods and goods and even more
than enough. The global age of plenty shows it. But the major problem is: THE
LACK OR ABSENCE OF MONEY, accompanied and aggravated by devaluation, inflation,
in front of the rising prices of basic needs and services. PRACTICALLY, what we
need is ample and additional MONEY, the infusion of additional circulation of
money from debt-free money system, and must be distributed to the citizens
equally without discrimination, means-test or conditions, in the form of
SUPPLEMENTARY BASIC INCOME or dividend scheme like what is existing now in
Alaskan state an or elsewhere in the world.
Even the Philippine
President Gloria Macapagal Arroyo--an economist herself (with due to respect to
her who holds outdated economics based on debts and taxes) has admitted that
POVERTY AND HUNGER in the Philippines are due to LACK OF INCOME, however,
but to many, are due to loss of income or employment and many other economic
factors. As a Filiino Social Crediter and Monetary Reformer, the reform of debt
money system which will address the problems of inflations, devaluations, would
eventually address the problems of hunger and poverty in the land.
SUPPLY AND DEMAND:
Is there lack of supply? Is there lack of
demand? Or just a LACK OF MONEY?
Supply and demand virtually are not
all a problem, realistically, the REAL PROBLEM is money: the lack or worse of all
absence of money, the loss value of money PLOTTED BY THE BANKS and the financiers
who control the money to the core. And another tragedy is the increasing prices
of basic needs and high costs of services like medical, legal, water, electric,
telephone, rents, education
indeed beyond the reach of the majority of the poor Filipinos.
is not enough, if fact not done, to provide employment, of income or livelihood
projects, skill trainings, etc. to poor famillies, to address or cure poverty and
hunger, BUT WHAT WE NEED IS THE TOTAL RECTIFICATION OF THE PRESENT FINANCIAL
SYSTEM! What we need is DEBT-FREE MONEY CREATION. And the most handsome provision
of financial security is via EXTRA OR SUPPLEMENTARY BASIC INCOME TO ALL FILIPINO
CITIZENS from the cradle to the grave. History tells us and even economic
theories prove us that EMPLOYEMENT-SLAVED-BASED INCOME are are not enough to
address hunger and poverty. What we need is a new scheme or mechanism to provide
economic security to all people.
We need Social Credit Monetary
Reform to finally free us from the bondage and savage cruelty of debt, poverty
and hunger in
the Philippines and in the world.
Any comments, correction,
suggestions or criticism are welcome.
Thank you very much for
Eric V. Encina
Filipino Alternative Solutions For Sustainable
c/o Lito Alhambra Old House, Homsite, Km2, Brgy.
PO Box 8, 5800 Roxas City, Capiz, Philippines
Most Filipino families maintain $2 a day of wage or
income, the problem is money is devalued, not only lacking, in front of the
rising prices of foods and basic needs. The imposition of additional taxes like
pestiferous 12% E-VAT aggravates the situation of hunger and poverty as foods
increase in price, just to comply with the conditions of the IMF and WB.
I voice out again and again because this is exactly what we experience
Thanks for reading.
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