News

Aquino signing of millennium challenge account paves way for more problematic policies

September 22, 2010

The MCC is about promoting the US’s preferred version of neoliberal free market democracies– democratic in form but severely undemocratic in their outcomes Pres. Benigno “Noynoy” Aquino is set to witness the signing of the Millennium Challenge Account (MCA) during his US visit, but research group IBON warns that the agreement is biased against national […]

Gov’t cautioned against conditional cash transfers: Program unsustainable, adds to debt burden

September 21, 2010

While giving out cash transfers to indigent families may be an option at certain times, this should not be at the core of government poverty programs. As allocations for poverty programs continue to be deliberated in the national budget for 2011, research group IBON cautions government on the conditional cash transfers program (CCTP), saying that […]

Malampaya contractors must pay P53-B gov’t share immediately; Grossly unfair service contract with Shell, Chevron needs urgent review

September 20, 2010

The understated proceeds are said to amount to Php53 billion because contractors Shell Exploration, Chevron and PNOC have been deducting their corporate income tax from the government’s 60%-share of the gas project since Research group IBON urges the Aquino government to demand the service contractors of Malampaya Gas Project to immediately pay the Philippine government […]

Will RP gain from Aquino US visit? Trip may cause more harm than good, says group

September 20, 2010

With renewed commitments from both countries to negotiate a bilateral free trade deal, the MCA funding could be used to compel the Philippines to agree to a one-sided agreement. Research group IBON today warned that the much-hyped US visit of Pres. Benigno “Noynoy” Aquino may result in more harm than good, as the group expressed […]

Aquino gov’t’s anti-corruption drive not reflected in revenue targets for 2011

September 2, 2010

On this key measure, it does not appear that the government expects its supposed anti-corruption drive to result in significantly increased revenues. Government has campaigned that a crackdown on corruption would plug leakages and increase revenue generation. However the revenue program for 2011 does not show signs that government expects to raise revenues from this, […]

Proposed budget shows diminishing priority for health

September 1, 2010

Falling subsidy for indigents belies promise of universal health care Contrary to the Aquino government’s target of expanding the coverage of healthcare for all, the proposed national budget for 2011 has allotted a decreased budget for public hospitals and subsidy for indigents, according to research group IBON. The 2010 budget item “Premium Subsidy for Indigents […]

Bloated by patronage funds, proposed 2011 budget prone to corruption

August 31, 2010

This large pork barrel allocated mainly according to parochial concerns is inconsistent with improving the effectiveness of spending | Sonny Africa, IBON Research Head There is a marked increase in the 2011 national government (NG) budget submitted to Congress, making the proposed budget alarmingly patronage-rich, says research group IBON. The Priority Development Assistance Fund (PDAF) […]

2011 proposed budget an austerity to repay debt

August 28, 2010

Most of this increase is accounted for by the large PhP80.9 billion increase in interest payments on debt to PhP357.1 billion Research group IBON calls the proposed 2011 National Government (NG) budget submitted to Congress an austerity budget to be able to keep repaying debt, adding that the proposed budget is not consistent with long-term […]

Economic growth remains unsustainable, unable to create jobs

August 26, 2010

The 2nd quarter and 1st semester results affirm why the country cannot and should not rely on external sources of growth amid the still unfolding global crisis The 7.9% growth in gross domestic product (GDP) is welcome at least for appearing to be mainly driven by domestic investors, according to research group IBON. Net foreign […]