March 5, 2022
Had the Php5.3 trillion gross borrowings in 2020 and 2021 been spent on ayuda and producer subsidies, and less on infrastructure and debt servicing, economic rebound would have been bigger, revenues would have recovered faster, and there would have been less need for borrowing.
January 22, 2022
The national government deficit and debt are historically large amounts and so easy to raise alarms about. But if current borrowing is used productively, this debt burden is actually not necessarily unmanageable.
January 14, 2022
The administration that is exiting and the new one entering can take a more rational and humane approach to recovering and reforming the economy.
October 3, 2021
The Duterte administration budgets so much for infrastructure but isn’t even able to spend all of it. The proposed 2022 infrastructure budget is even bigger — shouldn’t more of the allocation be used for health, ayuda and small business support instead?
September 16, 2021
September 16, 2021
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.
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.
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.