Yes, fiscal spending is a key component of economic growth

YOU cannot blame President Duterte’s economic managers for exulting about last year’s economic results and taking credit for it, particularly the second half when the imprint was unmistakably that of this administration, and without any previous administration.

- nomic managers are employing Keynesian tactics to stimulate the economy, the central tenet of which is that government intervention can either stimulate or stabilize the economy, as the case may be. Keynesian economics is the brainchild of British economist John Maynard Keynes (1883–1946), deemed as the founding father of modern macroeconomics. His landmark work A Treatise on Money established dynamism in viewing the economy and transformed economics into a study of how Now, is that good or bad for the 104 million or so Filipinos? The unequivocal answer is: So far, so good. translated into more money spent on infrastructure; on education, health, skills training and other forms of human capital develop Secretary Carlos Dominguez III was quoted as saying in a statement released by the Department of Finance on Friday.

Dominguez put it. In other words, the more money the administration lets loose into the economy, the more the economy grows.

What can arrest economic development at this point is obviously corruption, like the Big C that is well-entrenched in the public sector, be it the uniformed services or the civilian component which must be purged totally for the administration to areas to sustain high growth, attract investments and create jobs, accelerate poverty reduction and transform the Philippines into

That is why President Rodrigo Duterte must be persistent in the shackles of the bad elements, the pretenders who peddle themselves as public servants in sheep’s clothing that have invaded and besmirched the good name of government service at the expense of the majority of Filipinos who simply want to enjoy the fruits of their labor by having a house of their own and being able to travel where they want to with the peace of mind that goes with a safe and secure environment.

The Filipino dream embodied in Ambisyon Natin is a noble undertaking of this administration, and high economic output of goods and services is the way to achieve that dream. The stable and comfortable lifestyle, secure in the knowledge that we have enough for our daily needs and unexpected expenses, that we can plan and prepare for our own and our children’s future. Our family lives together in a place of our own, and we have the freedom to go where we desire, protected and enabled

As Keynes noted, the output of goods and services comes from - four components of gross domestic product (GDP), but it has

We all know the story of how the economy grew by 6.8 percent last year, one of the fastest growing economies in Asia, from 5.9 to grow that much as measured by the GDP.

There is no need to complicate matters at this point. The way is simple enough: let loose more of the national budget for The nation’s budget is anyway funded by the taxes paid by the people. They deserve to get the most out of the equation.