debt

Duterterioration of the Philippine economy

June 3, 2021

Under the Duterte administration,the Philippine economy was already weak before the pandemic and made worse by inept COVID-19 response.

Duterte’s Borrowing Binge

December 22, 2020

Php92,190 DEBT PER FILIPINO. Government’s outstanding has reached a whopping Php10 trillion so far under the Duterte administration as of October. With a 108.8 million population and 24.7 million families, each Filipino in effect owes Php92,190 and each Filipino family owes Php405,636. Half of families earn Php22,000 or less monthly – which means that the […]

Duterte govt: Just Can’t Debt Enough

October 4, 2020

BY SONNY AFRICA

The debt crisis is already upon us – just not the kind that the economic managers and creditors are worried about where debt payments to lenders are interrupted.

Duterte’s Pandemic Borrowing

June 30, 2020

The Duterte administration’s foreign borrowing has continued to rise during the pandemic. How much is really to respond to COVID-19, and how much for debt-driven growth and the illusion of development?

PH Debt: All’s well that swells

June 13, 2020

The finance department underscores the need for government to borrow from foreign sources to fund its economic recovery plan. Multilateral and country creditors have unsurprisingly exploited the situation and recycled funds to lend. But do we really need to borrow for COVID-19 response? How are we going to pay for all of these debts?