Results 451 to 460 of 4778
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May 24th, 2018 01:03 PM #451
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May 24th, 2018 02:38 PM #454
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May 24th, 2018 02:53 PM #455
Gov't underspending leads to narrower budget deficit as of April
MANILA, Philippines – The Philippines narrowed its budget deficit in the 1st 4 months of the year to P115.9 billion, after it posted a budget surplus in April alone, signaling that the government has been spending less than what has been budgeted.
A budget deficit happens when expenses exceed revenues, while a surplus means revenues exceed expenses. Both are indicators of an economy's financial health.
govt should spend more
pump it back into the economy
ganito
the govt has been taxing the public more since january (train)
what they should do is spend it
so the money goes back into circulation
(public sector deficit is private sector surplus, public sector surplus is private sector deficit)
you don't take money from the private sector and sit on it
you will deprive the private sector of money they would have made doing business with the govt
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May 25th, 2018 02:50 AM #456
had a short text chat with an economist who works in the HK office of a european bank
she analyzes emerging asia
i had to ask an expert re something the BSP is doing
i don't understand why the BSP would cut RRR
as if there isn't enough inflation
BTW, RRR means reserve requirement ratio which is the amount of money banks should set aside in ratio to deposits
when you cut RRR, banks can lend out more money which unleashes liquidity into the financial system which causes inflation
in case you missed it, the BSP just announced a RRR cut yesterday
and there was a RRR cut in Feb
if the BSP is fighting inflation, why the hell would they cut RRR?
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me: I don't understand what our central bank is doing. Inflation is rising so they just had a rate hike but they cut RRR today. Why would they want more liquidity in the system when they're fighting inflation?
she: Well, the answer is rather simple - growth! They want to release liquidity to support GDP expansion, which doesn't need help obviously as it is already overheating with inflation rising so fast! But what the gov wants, it gets. But it will also get a weaker peso & more inflation
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there you go
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May 25th, 2018 02:56 AM #457
no wonder PSEI rose 92 points yesterday
the market loved the RRR cut
but the peso didn't
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May 25th, 2018 12:29 PM #458
USDPHP 52.60
thanks to the RRR cut
that's 100 billion pesos to be unleashed into the financial system
now i'm convinced the BSP's priority isn't fighting inflation
Their priority is growth
they're willing to let the economy run hot
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May 26th, 2018 05:24 PM #459
Slower growth, higher prices or more subsidies: Asia’s oil-related trilemma >> Manila Bulletin Business
Malas timing ng closure ng Bora at paghihigpit sa mga tourist spots.
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May 28th, 2018 12:09 PM #460
Report: a labor group is demanding national minimum wage of P800/day
MOAR INFLATION
Choice I would have made as well.:nod:
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