You know why I am not practically jumping for joy when the Aquino finance people announced that they are going to wipe out the budget deficit by 2010? I do not believe that they can perform a miracle. Tanungin pa ninyo ang mga misis na nagkakandahirap magbudget.
Now here is the news:
“Balancing the budget is not an important goal as far as I'm concerned, keeping it within the manageable level which is I believe is 2 percent of GDP is something we would like to do,” Purisima told reporters.
“We would like to create a space within the budget to support the goals of President Aquino in social investments, and building the necessary investments to support growth,” he added.
Originally, the Arroyo government had planned to wipe out the budget deficit by 2010 but moved this to 2013 because of weak revenues.
Since the deficit is almost 4 per cent of the GDP, the target of 2 per cent in 2013 is equivalent to reducing it by 1 per cent. Achievable. At least. But when the corporations and businessmen start performing "miracles" in their financial statements, that is when this task of trimming down the deficit would be far from impossible. Pag nagkaroon sila ng kaso at imbestigasyon, hanap sila ng padrino. Kaya kung minsan ang nahuhuli ay ang mga artista lang.
The fixed income earners are already regular sources of revenues. In fact the taxes are deducted in advance. It is the businesses which can understate their revenues or overstate their expenses such as charging even the expenses of their paramours/lovers/ family members in the corporate accounts that are unreliable source of income. Then there are also the technical smuggling happening by under declaration of their exports and imports so that revenues are slashed not only by half but more such that only pittance go to the coffer of the government.
Budget Deficit is the difference between the budgeted revenues and expenses.
Ililista mo ang mga inaasahang tatanggapin. Mostly sa mga taxes ito na ibinabayad ng tao, corporations, mga institutions at iba pa.Tapos ang mga gagastusin kagaya ng mga pasuweldo ng mga tao, pagpapatakbo ng mga ahensiya at iba pa.
Halimbawa: Kikitain: 10 Billion pesoses. Gastos: 14 billion pesoses. Ang diperensiya na 4 billion ang sinasabing deficit. Malinaw ba o palalabuin ko pa?
Tapos, mag-iisip ang gobyerno kung saang kamay ng Diyos ito kukunin. Sa kaliwa o sa kanan,
Kung sa kanan, dagdag na taxes ang gagawin. Nangako sila na walang dagdag na taxes kaya hindi sa kanan. Kung sa kaliwa, mangungutang sila either sa Pilipinas o sa abroad.
Yon yong mga finofloat na mga government bonds, treasury bills and iba-iba pang klaseng bond. Huwag lang isasali si James Bond.
O kaya pagbubutihin nila ang pagcollect ng taxes. Para malamang wala ngang corruption, dapat lumaki ang collection ng taxes.
Madaling magsalita kapag nanood ka lang pero pag ikaw na ang pinanood, nagkakamali-mali.
Ano ang ibig sabihin na kailangang gumastos sila sa infrastructures blah blah. Kasi kung hindi sila gagastos, hindi nila maiistimulate ang economy. Ito ang ginawa ng nakaraang administrasyon.