00:00 Department of Finance Secretary Ralph Recto says the plan for national debt is to reduce it from 60 to 51 percent.
00:07 He believes the country is on track to bringing the debt to GDP ratio down.
00:12 The DOF chief maintains the best way to raise revenue is to grow the economy and to expand the tax base, so the department will endeavor to do that.
00:22 "I'm not that much concerned about the national debt. It's your ability to pay that is important. It's not the size to get."
00:31 I think that's a good thing.
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