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JOEY SARTE SALCEDA
Lakas-Kampi, 3D Albay
Chairman, House Committee on Economic Affairs
Senior Vice Chairman, House Committee on Appropriations
A thousand needles on thyself before a single needle on thy patient.
Is the Philippines in the midst of a fiscal crisis? Yes, and that is the singular conclusion of eleven UP professors in their paper entitled The Deepening Crisis: Real Score on Public Debt and Deficit released Aug. 23. In his paper "A Roadmap to Fiscal Deliverance", DOF Secretary Isidro Camacho gave us an earlier glimpse of such crisis in 2003 promptly after resigning.
Fiscal crisis, financial crisis and economic crisis are economic tendencies that usually happen together or one after the other...
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