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Don't just slander, you should give support to

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the new government.

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This is the direct statement of

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outgoing Bangko Sentral ng Pilipinas governor

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and president BBM Department of Finance secretary

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Benjamin Diokno to ABS-CBN reporter Karen Davila after

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her controversial statement that seems to be

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appropriate President elect BBM and his government won't

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pay The more than eleven trillion pesos debt of the Philippines.

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Benjamin Diokno apparently made Karen Davila

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realize she has limited knowledge and not to force

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what she knows.

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It's been inside for more than thirty years.

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Diokno saw firsthand the difference between governments

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and presidents governing Malacañang.

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This implies that

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President Rodrigo Duterte and the upcoming president

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Bobong Marcos are better to work together

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to not only give cure and answer the debt of

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the country if not given more opportunities

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and livelihood and the many Filipinos.

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The two

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reporters said don't insist themselves that

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one of the Aquino administrations is the best.

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They clarified that the administration of Cory Aquino and

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Cory Aquino are not in President Rodrigo Duterte's

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carelessness because they both are the ones who buried the

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debt in the country.

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Watch the exclusive video clip where BFP

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Governor and ongoing department of finance secretary Benjamin

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Diokno were dragged to shame where ABS-CBN reporter

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Kyle Davila was not able to stop and embarrassed

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or national TV here's the f What is the clan you

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will report?

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I think I'm I have the benefit of having

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serves for around more than thirty years and I've seen all

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the crisis.

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Where in a better position now then before.

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I've

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seen a debt to GDP ratio close to one hundred.

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So I've seen

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the worst at that time we're heavily in death and we have a

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hard time on argue with the IMF on our program.

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Now we don't

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were not we don't have an I am not program.

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We are a net

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contributed I am not.

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We are better placed right now.

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And in

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fact ah this administration the Duterte administ has going to

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leave to the next the incoming administration am much better

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tax structure then before.

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What made you say yes.

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What

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happened?

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Duty calls I think uh the President says he is

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somebody who will be responsible for running the

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economy and that's it.

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So how can you refuse the president

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who was elected by 31 million Filipinos?

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So that's that's the

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story.

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I think Um right now the the budget department has

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recommended just a 200 billion peso for twenty twenty-three

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for Mister Marcoses ah first year in office.

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Which some

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would say would not be enough considering the needs post

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pandemic.

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What is the plan?

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I think I'm I have the benefit of

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having search for a more than 30 years and I've seen all the

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crisis.

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We're in a better position now than before.

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I've

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seen a death to GDP ratio of close to 100.

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So I've seen the

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worst at that time were heavily indebted and we had a hard time

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at arguing with IMF on our program.

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Now we don't we're not

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we don't have an IMF program.

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We are a net contributor to IM

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ah.

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We are better placed right now.

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And in fact ah this

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administration the Duterte administration has going to

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leave to the next the incoming administration.

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Unmatch better

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tax structure than before any pri more taxes.

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I'm not ah we

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are worried about the level of the death for example.

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That's

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sixty-three percent.

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That's his manageable because we he as

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long as the economy can grow at six to seven percent which is

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our record before the crisis, we can easily outgrow our debt

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and most of our debt are domestic rather than foreign.

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And raising taxes being a part of the you know a bird's

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eye-eye view of of this of our situation.

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Our problem release

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to get back on our growth trajectory.

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Because that was so

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lotter problems. We grow at 6 to 7% that solves our tax

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revenue problem that will solve our death sit problem that will

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solve our the death problem that will solve our uhm poverty

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reduction.

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We know we are almost there.

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Our target under

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this administration we will reduce poverty to fourteen

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percent.

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We're almost there it was eighteen percent that a

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year ago of course the pandemic got in the way.

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Two years.

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I

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think given our plan.

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We will be able to reduce poverty to

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single digit by the end of this administration.

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Everything goes

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to and so our focus should be how do we make all sectors grow

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okay because the some laggards like agriculture was not

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growing old this year.

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Okay?

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We have to fall sundan.

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Mining was

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we want that was stop.

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For a while.

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It is now back.

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So we

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have to make sure that all sectors of the economy