economic stimulus

Worsening joblessness and informal work can be fixed with immediate ayuda, stimulus

September 30, 2021

Latest labor force data of high unemployment and increasing informal workers should be a wake-up call for government to immediately undertake stimulus measures.

Tax the billionaires

September 29, 2021

Billionaire tax can fund ayuda and health–IBON

September 27, 2021

The Duterte government’s insistence that it lacks funds for a bigger COVID-19 response does not hold water. Substantial revenues can be raised by taxing the country’s super-rich who can well afford to contribute much more to pandemic response and other needs.

Business-as-usual 2022 budget unresponsive to pandemic – IBON

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.

2022 budget stalls recovery, worsens inequality

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.

Q2 rebound isn’t recovery, will fade without real stimulus – IBON

August 10, 2021

NEWS

The positive second quarter growth in gross domestic product is only a rebound from the record economic collapse in the same period last year. It is not a sign of recovery gaining traction.

June labor force survey confirms economy not recovering despite reopening

August 3, 2021

The latest labor force survey (LFS) shows how far away the economy is from recovering without real fiscal stimulus. Job generation is hollow with a bloating informal sector and huge contraction in full-time work. These will worsen with the looming ECQ which will push millions of Filipinos into deeper economic distress.