The foreign debt of the country is growing and staggering in magnitude, increasingly colossal. The amount and sizes of our debt grows by each presidents elected and this makes the notion that our leaders elected as hope for the country is actually becoming bad for the country.
Each Presidents should find means to invigorate our economy through productivity, meaning, improving and increasing our GDP, not increasing our foreign borrowings. The cost benefit analysis is absent in the current administration on how to combat the repayment of said loans, and how can we absolve our country in foreign debts.
We must focus in our GDP first, solved the areas where we need to address the lacking of our country and heal them where it needs attention particularly the weak manufacturing sector of this country is a priority matter.
Let us give energy to our local investors, make an atmosphere conducive to business and manufacturing by giving them relax of regulations as a means to improving our GDP needed. To gather loans abroad without cost benefit analysis, our system will just sink further and make loss of our economy in the end.
PHILIPPINE FOREIGN DEBT
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