IBON Foundation
National Government Gross Borrowings
October 14, 2020
FACTLET
Using COVID-19 as an excuse, the Duterte administration is on the biggest borrowing spree in the country’s history. It is set to borrow in its six years nearly as much as the five administrations before it did over 31 years. Its gross borrowings are set to reach Php3 trillion in 2020 aside from another Php3 trillion in 2021.
Christmas 2020 for workers and farmers |Manila Bulletin
October 14, 2020
The Duterte administration’s borrowing spree | ABS-CBN
October 14, 2020
Pandemic-responsive 2021 nat’l budget sought | Manila Bulletin
October 14, 2020
Prominent Church, academe leaders declare fight vs No-el | Inquirer
October 14, 2020
NEDA: More Filipinos could slip into poverty until next year | CNN
October 14, 2020
National Government Outstanding Debt
October 12, 2020
FACTLET
DEBT IS SOARING. The Bureau of the Treasury recently reported that national government’s outstanding debt reached Php9.6 trillion as of August 2020. This isn’t the end of it though, as debt is projected to reach Php10.2 trillion by the end of 2020, then Php12 trillion in 2021, and Php13.7 trillion in 2022.
Four reasons why the Kaliwa Dam Project loan is onerous
October 11, 2020
Features | President Duterte has reportedly ordered a review of loan agreements to determine if any are onerous and disadvantageous to the Filipino people. Yet the Kaliwa Dam project which has come under fire for its unfavorable Chinese loan agreement has already started.
