Philippine debt
Marcos Jr’s borrowing binge, as of April 2024
June 8, 2024
National government outstanding debt as of May 2023
July 7, 2023
The national government outstanding debt has reached Php14 trillion and the Marcos Jr administration has the highest monthly average increase in outstanding debt compared to the past administrations.
National government outstanding debt (as of June 2022)
August 10, 2022
Any country’s debt is acceptable as long as it is duly spent on the people’s and nation’s needs. But instead of going to subsidies for more Filipinos, producers and small businesses amid the pandemic, economic collapse and soaring prices, the national budget has been eaten up by non-urgent infrastructure and debt-servicing.
New taxes to pay for Duterte indulgences, not for COVID response—IBON
May 26, 2022
The DOF’s proposed new taxes for the incoming administration are for paying off the Duterte government’s relentless borrowing for its infrastructure and debt servicing fetish, not for much-needed COVID-19 response.
PH isn’t Sri Lanka… yet
May 25, 2022
The Philippines isn’t going the way of Sri Lanka yet in defaulting on its foreign debt payments anytime soon. Which is not to say that there are no lessons to be learned from the first canary to die in the coal mine of growing global debt distress.
