PGMA…MINIMIZING EXPENSES?

This weekend, the President will attend the Asia-Pacific Cooperation leaders’ summit in Lima, Peru. More than 40 congressmen and congresswomen signed up wanting to join the trip but it was cut down to 40 to minimize expenses.

Last 1997, our country had an economic crisis which lead us to borrow money from the International Monetary Fund (IMF). Before a country can borrow from the IMF, they first require the country to agree on something that would secure them that the country would be able to pay their debt. Minimizing travel expenses is one of the IMF’s recommendations that should be agreed upon.

I think that this is a good recommendation to minimize government expenditures and to increase government revenues. Thus, our country would have a big chance to experience budget balance.

Source: http://beta2.philstar.com/Article.aspx?ArticleId=416094