Saturday, July 27, 2013

Twisted Points


     


    Today we face another period of both disgrace and hope as the political rule clouds the democracy of the country with a new administration. As we witness yet another year for the government to improve things and meet the needs of the people they should be functioning for, the current president Benigno Aquino affirms the positivity of his governance during the annual State of the Nation Address last July 22, 2013 at the Congress of the Philippines, Batasang Pambansa Complex, Quezon City.

    A great population of Filipinos have considered themselves under a regime of national agony in the past governments and it can’t be denied that protests and rallies have innumerably swarmed throughout the country. It was on May of 2010 when Senator Benigno “Noynoy” Aquino III became President and in his third year, “PNoy” is still running his regulation to bring forth his motion of “tuwid na daan” for his boss – the Filipino people. How is this seen and felt so far? Are the statements in his address the hope that the citizens have been waiting to achieve and surpass? Or are such improvements just sugar-coated dismays? As Aquino veers away from the ways of the last administration, it doesn’t shield him from criticisms.

     The classic issue of economy is one in of the many subjects that devise sudden meticulousness in every citizen and it is with that such concern that a great population bases the improvement in the country. Good thing to know, the gross domestic product earned by the Philippine economy boosted to 7.8% which garnered praises as one of the fastest growing economy in South East Asia, reflecting dynamic productivity in manufacturing and construction. Such blooming outcome, however, is not safe from criticisms. Analysts say that such growth is caused by the economic activity covered by the previous quarter which was filled with springing holidays. More importantly, the contradicting side claims that aside from the flurry of holidays, the presence of the late elections elevated economic activity. The point being, that the next quarters that cover the time span without elections might not be as vibrant as today’s and that the boost of the economy is only because of those wanting to win seats in politics.

     Besides, how worthy is the growth when economic health is not sensed by all of the Filipinos? A lot are pulled to the charisma of the fact but the ones entirely happy about the promotion are, in fact, the local and foreign businessmen. It runs a rather capitalistic point of view and distorts the hope for a supposed-to-be progressive upshot for those below the elite line.

      Covered by this generalized economic output is the foreign direct investment which, compared to 2012’s FDI of 2.8 billion, has reduced to 1.3 billion dollars – a staggering 1.5 billion dollar difference. Causing this reduction is most likely because of business transactions that are awfully slow and exhaustive which is why it is not impossible that the country is now behind its fellow South East Asian neighbors in such field. The unemployment rate also surges to 7.5% from last year’s 6.9%1 which means that a larger population has plunged down to the line of clamouring for jobs. It is with such characteristics that, despite the decline in poverty rate widens the fissure between the rich and the poor, making the balance of poverty and inequality reek of inconsistency.

      PNoy stressed out that the Pantawid Pamilyang Pilipino Program (4Ps) was implemented to alleviate poverty by investing in education and health most especially those aged up to 18 years. In partner with the Department of Social Welfare and Development, the program aims to relieve and hopefully, put an end to intergenerational poverty cycle. However, a lot of people argue that the system of beneficiary selection is flawed and greatly influenced by the dark politics.

       Aside from this, the program calls for immense budget to sustain its objectives for the upcoming years. Much of the funds constituting the conditional cash grants given to beneficiaries are generated from loans abroad, particularly from the United States which possesses 45.2% of the total fund. By the tail-end of August 2010, the Asian Development Bank (ADB) approved a US$400 million loan precisely for the 4Ps which will run from 2011 to 2014.2 This comprises a total of 65.2% or two-thirds of the whole fund loaned by the Philippine government to run the program of five years. Being a program fuelled by debt, this does not guarantee a return to the country’s economy unlike public projects such as roads, bridges and other infrastructures.

       This fiscal complexity is something we cannot deny while the Aquino administration veers away from the severed policies of the previous administration. A lot of people have been protesting for the lack of positive results but is it really time to rally a battalion when it is only the third year of the administration? What some people fail to recognize is the weight of the responsibilities carried by such position and it is the support from us “bosses” that the government is invigorated to do more. Some people expect too much, while some are grateful enough to live in contentment. The fact that there are always negative effects and restraints of positive outcomes cannot also be rejected. Such binary opposites stress both the hopes and protests of the Filipinos.

       As such, it is up to the Aquino administration to stride efficiently enough to instill the improvement in all of the social classes of the Filipino population.  -30-



Sources:
1 - http://www.philstar.com/business/2013/06/11/952797/philippine-  unemployment-6.9-7.5
2  - http://polsc14.wordpress.com/papers/conditional-cash-transfer-program-in-the-philippines-pantawid-pamilyang-pilipino/
Editorial Cartoon -  http://opinion.inquirer.net/files/2013/07/editorial-cartoon-july-21-2013.jpg