Philippine economy

Gov’t growth hype hides worsening situation of ordinary Filipinos — IBON

November 23, 2022

The finance secretary’s recent trumpeting of rapid growth is hype, and in reality the economy and the conditions of ordinary Filipinos have barely even returned to pre-pandemic levels.

PH government violating social and economic rights during and after COVID-19

November 11, 2022

The policies of the Philippine government during and after the onset of the COVID-19 pandemic in 2020 adversely affected the realization of economic, social and cultural rights for the people.

Soaring inflation can be tempered—IBON

November 4, 2022

The people may find little relief and may be worse off should the Marcos Jr administration stick to its weak response of hiking interest rates and limiting subsidies to address high inflation.

The world’s converging crises: How did we get here?

October 20, 2022

The world economy is faced with converging crises – high debt levels, food and fuel inflation, weakening currencies, and a climate emergency that makes the planet’s very future uncertain. It’s a perfect storm for everyone, but it is having a disproportionate impact on poor countries and their poor populations.

Marcos Jr’s first 100 days: The truth is out

October 8, 2022

The first 100 days are arguably the most crucial moment to make a break from the past – not just from the past administration but from poverty, inequality and underdevelopment. The Marcos Jr administration failed to do anything with this moment and, if anything, confirmed that it is unable to even imagine any real fundamental change.

Upper middle-income status: A smokescreen for underdevelopment

September 30, 2022

Does getting an upper middle-income designation really mean the Philippines and its people are achieving genuine development? Or is it just another label being hyped by the Marcos Jr administration to project economic success while hiding a troubled economy and the millions of Filipinos being left behind?

IBON Executive Director on Marcos Jr’s speech to the 77th UN General Assembly

September 22, 2022

The gall to talk about ‘historical injustice’ and ‘inequalities and inequities’ is however exceptional

Smallest budget increase in 20 years

September 6, 2022

Despite a slowing economy that urgently needs stimulus for recovery, the proposed 2023 national budget gets the least increase in 20 years and mirrors the mispriorities of the Marcos Jr administration. The President and Vice President’s offices for instance get hefty increases as do infrastructure, debt servicing and defense. But crucial service-oriented areas such as […]

2023 Budget Cuts and Increases

September 6, 2022

Despite a slowing economy that urgently needs stimulus for recovery, the proposed 2023 national budget gets the least increase in 20 years and mirrors the mispriorities of the Marcos Jr administration. The President and Vice President’s offices for instance get hefty increases as do infrastructure, debt servicing and defense. But crucial service-oriented areas such as […]