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PIA Press Release

PGMA: It was the right thing to do

Iloilo City (1 February) -- President Gloria Macapagal-Arroyo said she has no regrets about pushing the passage of the Expanded Value-Added Tax (E-VAT) as it was part of the economic reforms designed to get the nation?s fiscal house in order and bring in needed revenues.

Speaking at the recent 19th anniversary of the Philippine National Police (PNP), President Arroyo said she knew it would be unpopular but it was the right thing to do.

She said someone had to get the nation?s fiscal house in order and bring in revenues to invest in the people, including the police.

"It was the right thing to do," said the President. She added: "It has served the people and the PNP well, and I have no regrets about it."

She said our actions to instill fiscal discipline, grow the economy and invest in human and physical infrastructure would form the building blocks of a turnaround that would deliver 36 consecutive quarters of growth, create 9 million jobs, including more than 20,000 in the police, an additional 52 million people to healthcare, and a stable fiscal situation that allowed the PNP?s transformation.

With this favorable situation, President Arroyo pointed out that more Filipinos including the police were able to own homes.

Likewise, more benefits went in favor of the police including higher salaries, additional allowances, cheaper medicines, food sold within police camps, and scholarships for their children, added the President.

She congratulated the PNP headed by Director General Jesus Verzosa for its contribution to peace and order that has made people safer than ever. (OPS/PIA 6) [top]

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