national government outstanding debt
Duterte’s Borrowing Binge (as of March 2022)
May 6, 2022
The Duterte administration leaves behind the biggest debt burden on the FIlipino people since the Marcos dictatorship.
Duterte’s borrowing binge
March 2, 2022
Government debt doubling in six years under the Duterte administration is the biggest increase since the Marcos dictatorship.
National Government Outstanding Debt
October 12, 2020
FACTLET
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.
Duterte’s Borrowing Binge as of May 2020
July 11, 2020
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?
Duterte’s Borrowing Binge
March 3, 2020
