News

Railroading 2022 national budget without ayuda confirms Duterte govt’s apathy

October 2, 2021

Important pandemic emergency aid programs implemented in 2020 were discontinued in 2021 and are also not in the proposed 2022 budget. The budget and social welfare departments should bat for this in the 2022 expenditure plan in Senate and bicameral deliberations

Worsening joblessness and informal work can be fixed with immediate ayuda, stimulus

September 30, 2021

Latest labor force data of high unemployment and increasing informal workers should be a wake-up call for government to immediately undertake stimulus measures.

Billionaire tax can fund ayuda and health–IBON

September 27, 2021

The Duterte government’s insistence that it lacks funds for a bigger COVID-19 response does not hold water. Substantial revenues can be raised by taxing the country’s super-rich who can well afford to contribute much more to pandemic response and other needs.

Still only token ayuda in 2022 budget – IBON

August 30, 2021

The Duterte administration’s proposed 2022 budget once again refuses to give the ayuda that millions of Filipinos need to alleviate the economic distress from lockdown-induced disruptions to livelihoods. COVID-19-related emergency assistance programs have been discontinued. There is some additional funding for existing social welfare programs but this falls far short of huge needs since the pandemic.

Govt’s 7-9% growth in 2022 is just a fantasy – IBON

August 26, 2021

The Development Budget Coordination Committee has had a poor record of projecting economic growth in the last five years with their estimates always off the mark. Worse, their narrow-minded fiscal conservatism is the biggest factor preventing more rapid recovery.

Business-as-usual 2022 budget unresponsive to pandemic – IBON

August 26, 2021

The proposed 2022 national budget is perplexingly business-as-usual with the same priorities as before the pandemic. There is still disproportionate attention to infrastructure, the military and police, and debt service with only marginal changes to the health and social protection budgets. This latest spending plan should not just be scrutinized but also retailored to give due attention to urgent medical and economic responses.

2022 budget stalls recovery, worsens inequality

August 23, 2021

Government’s proposed 2022 national budget is the second budget in a row that fails to respond to the pandemic. The Duterte administration is not spending enough on economic stimulus, health, ayuda, and small businesses which are the most important things to recover quickly and stop worsening deprivation. The economic managers’ misguided fiscal conservatism is counterproductive and needs urgent correction.

Use ₱133.9-billion TRAIN revenues for ayuda – IBON

August 14, 2021

The Duterte administration can use revenue generated by its regressive TRAIN law to fund emergency cash assistance. TRAIN’s new taxes increased the prices for goods and services consumed by the majority poor Filipinos even amid the pandemic and the revenues can be used productively while the law remains.

Q2 rebound isn’t recovery, will fade without real stimulus – IBON

August 10, 2021

NEWS

The positive second quarter growth in gross domestic product is only a rebound from the record economic collapse in the same period last year. It is not a sign of recovery gaining traction.