Avatar photo

IBON Foundation

Recovery stalls with Q2 GDP quarter-to-quarter contraction — IBON

August 11, 2022

Contrary to the new economic team’s hype, research group IBON said that the quarter-on-quarter contraction of the economy in the second quarter of 2022 shows that recovery remains weak and requires more determined government action. IBON said that reopening the economy is not enough because too many Filipinos are still jobless, earn too little, and […]

National government outstanding debt (as of June 2022)

August 10, 2022

Any country’s debt is acceptable as long as it is duly spent on the people’s and nation’s needs. But instead of going to subsidies for more Filipinos, producers and small businesses amid the pandemic, economic collapse and soaring prices, the national budget has been eaten up by non-urgent infrastructure and debt-servicing.

IBON Executive Director on meager increase in the national budget

July 23, 2022

IBON Executive Director Sonny Africa on meager increase in the national budget for 2023