Unang-una, gusto ko pong sabihin na walang magpapa utang kung walang interest na makukuha, maliban na lang kung ang inuutangan mo ay kapatid mo, magulang mo, asawa mo o minsay kapitbahay mo. Sa link pong ito
http://www.gmanetwork.com/news/story/585815/news/nation/china-offers-9b-in-soft-loans-for-phl-s-drug-program-other-projects malalaman natin, ang klase po ng loan na ibinigay ng China na tinatawag na 'Soft Loan': $9 billion concessionary offer and $3 billion will come in the form of credit from private banks.
Ano po ba ang ibig sabihin ng Soft Loan?
From
https://en.wikipedia.org/wiki/Soft_loan ito po ang sinasabi:
"A soft loan is a loan with a below-market rate of interest. This is also known as soft financing. Sometimes soft loans provide other
concessions to borrowers, such as long repayment periods or interest holidays. Soft loans are usually provided by governments to projects they think are worthwhile. The World Bank and other development institutions provide soft loans to developing countries.
This contrasts with a hard loan, which has to be paid back in an agreed hard currency, usually of a country with a stable robust economy.
An example of a soft loan is China's Export-Import Bank, who gave a $2 billion soft loan to Angola in October 2004 to help build infrastructure. In return, the Angolan government gave China a stake in oil exploration off the coast. Another example is the interest free soft loan of Rs. 20 billion given by the Asian Development Bank (ADB) to the government of West Bengal (India) on the condition that it be used for health, education and developing infrastructure and that the government would implement 16 economic reforms.
The field of Natural Finance uses the term Soft Loan as an enforced ability-based repayment loan where the softness is not based on below market interest, but rather on terms that don't include fixed dates for repayment, but do mandate repayment when borrower is able to.
$9 Billion Concessionary Offer
What do we mean by concession?
From Wikipedia,
https://en.wikipedia.org/wiki/Concession it is defined as,
Concession may refer to:
-Concession (contract) (sometimes called a concession agreement), a contractual right to carry on a certain kind of business or activity in an area, such as to explore or develop its natural resources or to operate a "concession stand" within a venue.
-Concession (territory), an area within one country that is administered by another, usually conceded by a weaker country to a stronger one.
-Concessional loan, a loan with below-market terms.
It is not stated what kind of concession payback was agreed by PDu30 and China.
How does China gets its concession payback?
Remember that the concessionary offer given by China to the Philippines will be to fund the drug rehabilitation programs and other development projects. The question is, do these programs and development projects generate income for the concession payback? The answer is no. Hence, the concession granted by PDu30 may be in the form of concession (contract), concession (territory) or concessional loan. Any of which is a return-earning that we need to pay to China, but, not necessarily monetary or hard currency.
So, ito ngayon ang malaking tanong, anong concession ba ang inaprubahan ng Pilipinas?
$3 Billion Credit from Private Banks
This amount is surely a concessional loan that is to be offered to us and usually paid in monetary with accrued interest. Although, the interest may not be similar to the prevailing market rates, but still, we have to pay for its interest.
Well, ang sinasabi ko po ay hindi po pangunahing layunin ng pamahalaan ang pagnenegosyo, kung hindi ang pagbibigay ng mga basic services nito sa kanyang mga nasasakupan, and in return, magbabayad sila ng tamang buwis.
Kung hindi po nyo alam eh na pondohan na po ng nagdaang administrasyon ang fiscal year natin ngayon at sa susunod na taon po ay pondo na ng bagong administrasyon, na naaayon naman sa budget proposal na nai submit sa Senado, na nagkakahalaga ng P3 trillion pataas. I think, tapos na po yata ang budget hearing sa Senado at mapa finalize na po yong budget appropriation bill bago matapos ang taon ngayon. Ilang buwan na lang mangungulekta na ang BIR.
At meron po tayong malaking dollar reserves sa Central Bank at foreign investments na kumikita ng interes dahil sa pagpapahiram natin sa ibang bansa. Balak pa nga natin ipahiram sa Greece yong ibang pondo para matulungan sila. Ito ang link:
http://www.newsflash.org/2004/02/be/be004509.htm
So, sa mga nagsasabing wala tayong pera, eh, meron naman, sa panahon pa nga ni former President Ramos, eh, tayo po ay nagbabayad ng ating utang.
At tayo po ay hindi na purely third world which often refers to poor countries, tayo po ay nasa 'developing country' category na, na ibig sabihin ay hindi po 'gutom' ang problema gaya ng nangyayari sa mga bansang Somalia, Haiti at iba pang parte ng Africa.
Sana lang na yong concessionary offer ng China or thru its
China Export-Import Bank ay hindi kapalit ang pag-aangkin ng mga isla natin, kung hindi, thru infrastructure projects gaya ng locomotives o paglalagay ng mga tren sa buong bansa, na ang kikitain naman ay magiging pambayad sa kanila.
