It has been explained many times what is the impact of the train law on our inflation. Train law, as explained by DOF and other economic experts in the country contributed less than 1% on the inflation, at least in the past months. Thats what I could remember when i watched train law brief on ptv. And train law will cater better healthcare, free education, and other necessary public spending.
The weakening of our peso due to worldwide economic factors that are also beyond our governments control but still, the impact of this would be offsetted by the increased spending power of families relying on ofw remittances so this also contributed little to inflation.
For me, one of the major contributor to our current high inflation is: rising of oil prices around the world and Philippines doesnt have its own domestic supply of oil. So just imagine, nag import tayo ng oil na matataas ang price while our peso value is weak in the world market. Pag na retail na sa pilipinas, ang mahal na talaga. In a way, tama ka to blame the govt kasi they should have found a solution to counter this but knowing how the Philippine economy is in the past years, kaya ba nila mag counter? Nahihirapan na nga sila mag subsidize sa presyo ng kuryente.
Another factor is, the project build build build of the government. Increased government spending on infrastructures would surely limit the spending of the government on other things. Para sa akin kasi, napaka ambitious ng mga projects ng gobyerno ngayon. Tapos nag taas pa ng mga sweldo ang nga sundalo at police. Yes, our economy is growing. Thanks to GMAs economic measures in the past. But in a growing economy, expected na ang inflation. When the economy grows, public spending also increases so indirectly, magkakaron ng inflation na dapat sana, ma-counter by increasing the basic salary. But our government as it is now, cannot afford to do both infrastructures and increase the salaries of all at kahit pilitin mo yung mga private companies, magtaas ng sweldo, hinde nila yan gagawin. Kelan ba nagpalugi sa gains nila yung mga business tycoons sa pilipinas? Unless we make some changes in our constitution or laws. . Our government chose to do infrastructures muna. Kaya inflation lang meron tayo ngayon kasi walang taas sa basic wage. Syempre mahirap talaga pero to once again forego infrastructures is economic suicide. Imagine hanggang kelan kakayanin ng manila ang population congestion nya? Of course, opinion ko lang to. Im not an expert on economics hahaha. I just want to understand what our government is trying to do now. If only, our country has not been ruled by graft and corruption, we all know we would not be where we are now as a nation. But like everyone else, ayoko na iblame sina marcos, ramos, erap, aquinos, gma. I just want our country to move forward. Kung kelangan magtiis tiis ngayon para sa future, keri lang basta masiguro lang na panahon ng anak ko, maayos na kahit papano ang pilipinas. Anyways, expected daw na bababa ang inflation next year, as predicted by some economists. Pero mga negosyante din kasi sa pilipinas, kahit bumaba na ng presyo mga materials nila, hinde sila nagbababa ng sales price. Pag tumaas ang oil, aba ang bilis makaadjust, pero pag bumaba presyo ng oil, hinde naman sila nagbababa. I think isa din to na dapat ma regularize ng gobyerno eh. Ex. Around 2003, dollar was around 60 pesos so nagtaasan din lahat ng presyo pero nung naging 42 ang peso ulit, hinde naman nagbalik sa dati mga presyo. Yan ang di ko ma gets din.
