ECONOMY IS ABOUT TRADE

We are experiencing at the moment financial difficulties due to lack of revenues by the government to sustain its obligations and spendings that has now resulted to the TRAIN LAW  as hope to stay alive in the middle.

BALANCE OF PAYMENTS (BOP) STATES THE CONDITION OF THE ECONOMY

The current trade deficit of the country indicates the real condition of our financial capability as a government, and as a country. The BSP has been releasing figures lately that speaks about the situation which is are all deficits since 2016.

"The current trade deficit also factored into the Philippines' balance of payments report. According to the latest report from the Philippine Statistics Authority, the trade deficit in May was at $3.70 billion." 

"For the period January-June 2018, the cumulative BOP deficit of US$3.26 billion is nearly fivefold more than the US$706 million BOP deficit recorded during the same period last year, data showed."- CNN NEW REPORT JULY 20, 2018

We see the situation as a simple plus and minus of mathematics that can be easily understood that the government should not take pain to find solution to the problem of  the economy.

Business is the law of economy for any country, it is about wealth, and nothing more. But the problem of having wealth is also a not difficult task to make, but easily can be done by simple analysis and thinking.

MORE MANUFACTURING

When we speak about our current trade deficits which is about 3.70 billion USD is actually about low exports  by the country,  we just need more exports that would mean more manufacturing to mitigate and eraze the gap.

We just do not need to equal imports by exports, we must exceed our importatons as many times possible to state wealth for the country.

ENCOURAGE BUSINESS AND TRADE

To earn more revenue for the government, the administration or with the legislation of  the congress should enact laws that would ensure local capitalism, investments and free the atmosphere of commerce in the country.

TRAIN LAW 

TRAIN  law might have been a misplaced legislation of the congress because it targets to earn more revenues/taxes by the government of the same size of tax base of businesses  and commercial environment in the country.

When the goal is about more revenues, we should take the other way of increasing our tax base, of more businesses, traders, more commerce, in all multiplication of the GDP.

This is a broad way situation of finding means for revenues by not affecting its constituents, but in effect, broadening the tax base, good trade conditions that would result to more vibrant economy. 

The Train law is about cutting and suffocating the air for trade and businesses that will eventually lead to the collapse, reduction, and bankruptcies due to hostile enacted laws killing trade.