THIS is the time of the year, albeit quite late already, for companies to prepare their budgets and plans for the coming year/years. Shall we just skip 2021 and plan for 2022? How do we plan for a year that seems to be full of uncertainties? Coming from a negative GDP growth ranging from minus 6 percent to -9 percent, how do we look at 2021? Dr. Cielito Habito, the well-known economist, wrote in his column in the Philippine Daily Inquirer that the reason for the shrinking economy is that those who are supposed to spend money are not doing that.
Government should have been the biggest spender as it implements its various projects under the Build, Build, Build program. Funds could have been spent on preventing the spread of the much-feared Covid-19 virus! Instead of spending on preventive measures like testing and contact tracing, they resorted to strict lockdowns.
Continue reading with one of these options:
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)