Bongbonomics
Discerning Bongbonomics from the Inaugural Address
July 4, 2022
Imagine if the inaugural address had mentioned – big fiscal stimulus from more ayuda and support to MSMEs to spur aggregate demand, prioritizing social spending over infrastructure and debt service in the 2023 budget, expanding fiscal space with a billionaire wealth tax, higher wages, arresting environmental destruction by corporations, financial regulation, public ownership, protecting and supporting domestic agriculture, and a comprehensive plan for national industrialization.
Urgent priorities
July 2, 2022
Marcos Jr has not been very specific about his plans for the economy. Still, it is already clear that his administration will continue the Duterte legacy and failed neoliberal policies instead of reforming them.
No Mavericks Among Economic Top Guns
June 15, 2022
The next administration’s economic agenda will be fully presented at the state of the nation address in July. There are hardly any specifics yet. Still, the tidbits already emerging can be interpreted against the incoming economic team members’ individual track record and especially in the context of the long arc of neoliberal thinking that has defined Philippine policymaking over the last half century.
