The bible of Philippine politics

‘Di kasi nag-graduate? Sonny offers Imee one-on-one tutorial on Economics

0 3,821

Finance Secretary Carlos Dominguez III is offering a special briefing on the economy for Senator Imee Marcos to be conducted by a senior official of the Cabinet’s Economic Development Cluster (EDC).

Dominguez said this was meant to clarify the concerns she raised during a recent Senate hearing on the government’s ongoing efforts to fight the coronavirus disease 2019 (COVID-19) outbreak.

In a May 26 letter to the daughter of the late President Ferdinand Marcos, Dominguez said: “As Chair of the Economic Development Cluster (EDC) of the Duterte administration, I acknowledge the questions and concerns you raised regarding the Philippine economy during the Senate Committee of the Whole Hearing on the government’s response to the COVID-19 pandemic last May 20, 2020”

During the Senate’s Committee of the Whole virtual hearing conducted via Zoom last week, Marcos asked Dominguez about the government’s stimulus program to help the economy and the people recover from the impact of the COVID-19 pandemic, the access of farmers to affordable credit facilities in this time of crisis, the budget deficit, and the country’s debt-to-GDP (gross domestic product) ratio, among other concerns.

“To clarify concerns you and the Senate Committee on Economic Affairs may have on the national economy, particularly on the national accounts, I would like to offer a special briefing to be conducted by a senior official from the EDC at your earliest convenience. Rest assured that the EDC is studying the points you raised during the Committee hearing,” said Dominguez.

Dominguez burned Marcos twice during a 45-second viral clip of their exchange during the hearing. Marcos suggested that the government emulate her father’s Masagana 99 farm lending program which enable the country to be a rice exporter.

But Dominguez pointed out that Masagana 99 bankrupted hundreds of banks that he had to clean up as agriculture story shortly after the Marcoses were kicked out of the country in 1986. Dominguez also curtly stated that the country did not export a single grain of rice under Masagana 99.

Marcos has a track record of making spurious claims such as her graduation from the University fo the Philippines and Princeton University that both prestigious institutions categorically denied.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy