PAPUNTA SA DAANG MATUWID

The debt cap of 60% is stipulated in the budget that becomes a law when it is passed by Congress and signed by the President. But the President cannot amend what has been provided for by Congress. An amendment is needed. To increase the debt cap to 73% is highly suspicious because it means stretching the allowance for expenditures and or savings that can be plowed back to the general fund that can be used for unprogrammed expenses.  The net effect is  the Administration will have a bigger opportunity to spend. This also means bigger allowance for possible graft.