CHAPTER IV: ECONOMIC ASPECTS OF

PUBLIC DEBT

WHY GOVERNMENT BORROW?

The Government borrow its because to

support the Education, health, defense, police
protection administration justice and any kind of
department. The government gives an attention
of this because it is important to us. Borrowing is
a supplementary means of defraying government
contribution to capital formation. Example of this
thats why the Government borrows to us to build
bridges, airport, hydroelectric plans an etc. To
finance the defense against war. We all know that
now a days our country is facing war against
drugs because it is the plan of our President thats
why he doubled the salary of the Police and Army
to stop the illegal trade of drugs in the Philippines
thats why the government finance to this to give
ZAIRYLL JAMES D EBUENGA
PUBLIC FINANCE 4:00- 5:00

an Equipment and Weapons. Also to stop the

terrorism in the country.

ZAIRYLL JAMES D EBUENGA

PUBLIC FINANCE 4:00- 5:00