The Heritage Foundation may have its own way of looking at it but there is actually a silver lining in the report, which states that the Philippines reaps high marks in terms of fiscal freedom at 84 percent; trade freedom, 74.8 percent, and freedom from government, 91.4 percent.
We accept that there is much ground to cover in fighting bureaucratic corruption but we are moving forward in the administrative and judicial aspects.
The issue of economic freedom will neither set back the boom year that we have set for 2007 nor the sentiments of optimism and hope rising among the people.
We are going past the restrictive hurdles in the economy and this would have been speeded up by Charter reforms, but the direction is clear: a strong and vibrant Philippine democracy under the blessings of economic freedom and free enterprise.
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