"The central bank announced in January that it is set to loan out another P300 billion to the national government.."
Does the #BangkoSentral #BSP #CentralBank lend money directly to the #Philippines government(national & local)?
I see the BSP works differently than the #FederalReserve. Like the BSP can fight inflation by directly removing money from circulation by issuing securities. The Fed can only control interest rate(?).
Am I looking at #MMT here?
Presidential candidate and former Defense secretary Norberto Gonzales on Tuesday said he would borrow more funds to allocate more jobs and livelihood for Filipino workers if he gets elected in the upcoming May 9 polls.