Investments provide people the means to enhance their financial health, as well as to protect their welfare against economic risks and sudden downturns, such as this ongoing pandemic. Our latest efforts, as you will see, are aimed at putting investments within reach of the ordinary Filipino. Just this month, we issued Circular No.
The Intergenerational Report produced by the Government will be a very useful document on which to base thinking on policy options. If we are not careful, there is a potential for conflict between generations. The young may resent the tax burden imposed on them to pay for pension and health expenditure on the old.