This is the same theme of BSP’s 2010 wall and desk calendars, copies of which have been distributed to all of you. Pagpu-punyagi. Let us keep this to heart as we start serving our country and our people in 2010 through the Bangko Sentral ng Pilipinas. Fellow central bankers.
The joint statement by the government and the Bank released in January 2013 stated that the government will steadily promote measures aimed at establishing a sustainable fiscal structure with a view to ensuring the credibility of fiscal management. The government’s recent decision to raise the consumption tax rate is part of such efforts toward fiscal consolidation.