While you were sleeping umutang po ang gobyerno ng mahigit ₱114 billion sa mga dayuhang mamumuhunan.
Dolyar po ang inutang nila. In today’s exchange rate of USD1 = ₱57.37 it’s a little over ₱114 billion.
If the Peso depreciates further to ₱58 to 1USD it shoots up to ₱116 billion.
That’s ₱2 billion more debt without us doing anything. This is the problem with Dollar denominated debt in a very strong USD environment.
Well, what can we do at mga walang kwentang hampaslupa lang tayo.
Good morning pala dun sa inutangan ko. Extend po ako hanggang katapusan. 🙏🏻