President Carlos P. Garcia's Austerity Program in the Philippines
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Questions and Answers

What was the main goal of President Garcia's 'Austerity Program'?

  • To promote excessive government spending.
  • To reduce government spending during an economic crisis. (correct)
  • To increase public sector wages.
  • To encourage protests and riots in the country.

    • When did President Garcia announce his plans for the 'Austerity Program'?

  • October 1962
  • February 1st, 1964
  • September 8th, 1963 (correct)
  • June 1965

    • What was a major area of focus for reducing expenses in the 'Austerity Program'?

  • Government bonuses
  • Food imports
  • Military spending
  • Public sector wages (correct)

    • What effect did the implementation of the 'Austerity Program' have on government revenue in 1965?

    <p>Nearly ₱1 billion increase from January to June</p> Signup and view all the answers

    What was a consequence of the 'Austerity Program' that some people found challenging?

    <p>Cancellation of monthly bonuses</p> Signup and view all the answers

    Why did President Garcia believe that implementing the 'Austerity Program' was necessary?

    <p>To help the country overcome economic difficulties</p> Signup and view all the answers

    Ano ang layunin ng programang austerity na ipinakilala ni Pangulong Carlos P. Garcia?

    <p>Palaganapin ang katiwasayan sa pamahalaan</p> Signup and view all the answers

    Ano ang isa sa mga pangunahing prayoridad ng programa ng austerity ni Pangulong Garcia?

    <p>Bawasan ang taripa sa kalakal na kagamitan</p> Signup and view all the answers

    Anong naging reaksyon ng ilan sa programang austerity ni Pangulong Garcia?

    <p>Itinuring itong hakbang laban sa mga manggagawa</p> Signup and view all the answers

    Ano ang isa sa mga pangunahing kritiko sa programang austerity ni Pangulong Garcia?

    <p>Hindi pagtugon sa pangangailangan ng mamamayan</p> Signup and view all the answers

    Anong pangunahing layunin ang nais makamit ng administrasyon ni Pangulong Garcia sa pagpapatupad ng programa ng austerity?

    <p>Panatilihin ang katatagan ng ekonomiya</p> Signup and view all the answers

    Ano ang isa sa prayoridad na hakbang na isinagawa sa ilalim ng programang austerity ni Pangulong Garcia?

    <p>Pagsusuri at pagsasailalim sa mahigpit na kontrol</p> Signup and view all the answers

    Study Notes

    In October 1962, President Carlos Polistico Garcia of the Philippines initiated what was called the 'Austerity Program'. This program aimed to reduce government spending during a period when the country faced a severe economic crisis due to low rice crop production. The Philippines had been experiencing food shortages since the previous year, which led to riots and protests, prompting the need for urgent measures.

    On September 8th, 1963, he announced his plans for this program, but it did not come into effect until February 1st, 1964. At its core, the Austerity Program sought to cut down on unnecessary expenses within the government, focusing particularly on reducing public sector wages. A major concern was how to ensure that a balanced budget would be maintained while considering the limited resources available to the government. It intended to impose temporary wage cuts across all sectors, including the military and civil service, with the exception of essential drugs and medical supplies.

    The effects of the Austerity Program were both immediate and far-reaching. For instance, after being implemented, the government collected nearly ₱1 billion more from January to June in 1965 compared to the previous year. However, some felt that the program went too far and caused disruption to daily life, such as the cancellation of monthly bonuses. Despite these challenges, President Garcia believed firmly that the measures were necessary for the country to overcome its economic woes.

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    Description

    Learn about the Austerity Program initiated by President Carlos P. Garcia in the Philippines in response to severe economic crisis and food shortages. Discover how the program aimed to reduce government spending by cutting down on unnecessary expenses, particularly focusing on public sector wages.

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