LETTER FROM TORONTO: Government for private sector profit
LETTER FROM TORONTO: Government for private sector profit
In his first state of the nation address, President Benigno Aquino III bewailed the fact that his new government has only 6.5 per cent (or 100 billion pesos) left of the total government budget of 1.54 trillion pesos to spend for the remaining months of the year. He pointed to his predecessor’s wasteful use of government funds as one reason for this sorry state of the nation’s coffers.
There was no need to worry, the President said, like a hopeful captain of the ship reassuring his passengers of the impending storm. “The answer is a new and creative approach to our long-standing problems. Many have already expressed interest and confidence in the Philippines. Our solution: public-private partnership,” the President declared.
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