Such budget deficits are unsustainable. We must put a stop to smuggling - estimated by foreign institutions to be as much as $10 billion (as P480 billion) a year. The uncollected VAT alone would be over P50 billion. (Francis Escudero)

Such budget deficits are unsustainable. We must put a stop to smuggling - estimated by foreign institutions to be as much as $10 billion (as P480 billion) a year. The uncollected VAT alone would be over P50 billion.

Francis Escudero

Related topics

billion foreign smuggling stop year

Related quotes

You know, to preserve our job-friendly climate the Texas legislature didn't raise taxes this last legislative session while balancing their budget and maintaining their reserves - and might I add that our budget leaves $6 billion dollars in a rainy day fund?

Rick Perry

Look, I am not worried about Washington cutting too much spending too fast. I mean, the kinds of spending cuts we're talking about just right now are $100 billion out of a $3.7 trillion budget.

Paul Ryan

Love alone is not enough. Without imagination, love stales into sentiment, duty, boredom. Relationships fail not because we have stopped loving but because we first stopped imagining.

James Hillman

Each year over 2,500 commercial vessels enter the Port of Hampton Roads alone, so adequate funding for port security is a significant issue for those of us who live in Richmond and Hampton Roads.

Bobby Scott

How did we win the election in the year 2000? We talked about a humble foreign policy: No nation-building; don't police the world. That's conservative, it's Republican, it's pro-American - it follows the founding fathers. And, besides, it follows the Constitution.

Ron Paul