https://www.cnnphilippines.com/business/2022/6/7/Diokno-defends-PH-debt-Marcos-admin.html

https://business.inquirer.net/347708/ph-debt-now-63-5-percent-of-gdp

Attached is the recent news on the country's debt and GDP.

Reflect on the news and do the following:

1. Write the statements and concepts that confuses you upon reading the news.

2. How is debt-to-GDP ratio is being computed?

3. If the new says the debt-to-GDP ratio is around 63%, what does the percentage mean against debt, against a country's productivity?

4. If other countries are 300% deficit during the pandemic, what do you think is the situation of the debt-to-GDP ratio?

5. What are the reforms on the Philippine tax system citing in particular on personal income tax, corporate income tax, taxation on tobacco and sugary products.