March 5, 2022
The Duterte administration did not change its priorities despite urgent pandemic needs and, if anything, only used COVID-19 response to cover up massive borrowings for continued debt servicing and infrastructure.
March 2, 2022
Government debt doubling in six years under the Duterte administration is the biggest increase since the Marcos dictatorship.
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.
June 3, 2021
Under the Duterte administration,the Philippine economy was already weak before the pandemic and made worse by inept COVID-19 response.
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 […]
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.
July 11, 2020
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?