IBON Foundation

On economic decline and passage of CREATE bill

February 1, 2021

Amid soaring public debt, congressional bicameral conference committee passes revenue-losing Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill.

Expansionary fiscal stance more urgent than ever

January 28, 2021

The economy is not just hindered by quarantine restrictions. It is also stifled by the unprecedented loss of informal sector livelihoods and enterprise closures which has contracted household incomes, wiped out savings, and collapsed aggregate demand. These have to be directly addressed.