Marcos inauguration
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.
IBON Executive Director Sonny Africa on President’s inaugural speech
July 1, 2022
The new administration should have prepared an economic agenda long ago and not just right after the elections
