We have been preparing for eventualities like this from day 1 of the Aquino administration and as a result we face the changing market conditions with more confidence. Our debt structure is much better with average maturities of over 10 years with no bunching up. Our general debt to GDP is down to around 40% while our foreign debt to GDP is at 23.6% which is lower than some of our higher rated neighbors and the lowest in recent memory. Our fiscal position is well managed and our banking system and external position has never been as healthy as it is now. To top it all, we have a leader with the strongest mandate ever and an agenda of good governance. Our ever improving fundamentals will definitely help us cope with whatever challenges the market throws at us. Nevertheless, we should keep our guards up and face the future with cautious optimism and sustain the momentum of transformation.
Posted on: Thu, 20 Jun 2013 01:09:45 +0000
Trending Topics
Recently Viewed Topics
© 2015