September 12, 2022
Amid 2023 national budget deliberations, the Marcos government proposes that a huge chunk goes to debt servicing. But the country’s bloated debt has not improved the lives of ordinary Filipinos.
July 18, 2022
The country’s outstanding debt has hit record-levels. Did the pandemic really cause this or was this due to government’s policy missteps?
June 1, 2022
The economy that the Duterte administration painted in its final report was a fantasy. It omitted important numbers that show how it wasn’t an economy that worked for ordinary Filipinos. Download the landscape version of the infographic here.
May 6, 2022
The Duterte administration leaves behind the biggest debt burden on the FIlipino people since the Marcos dictatorship.
March 2, 2022
Government debt doubling in six years under the Duterte administration is the biggest increase since the Marcos dictatorship.
October 12, 2020
DEBT IS SOARING. The Bureau of the Treasury recently reported that national government’s outstanding debt reached Php9.6 trillion as of August 2020. This isn’t the end of it though, as debt is projected to reach Php10.2 trillion by the end of 2020, then Php12 trillion in 2021, and Php13.7 trillion in 2022.
July 11, 2020
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?