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IBON Foundation

IBON: Ayuda budgets slashed amid false claims of recovery

Agosto 27, 2022

The Marcos Jr administration’s 2023 proposed national budget defunds social protection even if millions still suffer the aftershocks of the government’s harsh pandemic lockdowns and as economic rebound fades.

2023 budget: Debt, defense over social services, envi

Agosto 26, 2022

Marcos Jr’s budget priorities are further bared. Which items get more funds and which on the other hand get less?

Marcos Jr administration’s 2023 budget priorities

Agosto 26, 2022

What are Marcos Jr’s budget priorities?
Import-dependent infrastructure, debt interest payments, and security forces are given far more importance than education, health, social welfare, farmers, and labor.

Invisible poverty, trivial solutions

Agosto 22, 2022

The most fundamental cause of poverty is in how the overwhelming majority of Filipinos only have low value-added and low productivity work. This is not for lack of individual effort or capacity but because of the structure of the economy distorted by neoliberal policies.

IBON Executive Director on chaotic DSWD education assistance distribution

Agosto 21, 2022

IBON Executive Director on chaotic DSWD education assistance distribution

Recovery stalls with Q2 GDP quarter-to-quarter contraction — IBON

Agosto 11, 2022

Contrary to the new economic team’s hype, research group IBON said that the quarter-on-quarter contraction of the economy in the second quarter of 2022 shows that recovery remains weak and requires more determined government action. IBON said that reopening the economy is not enough because too many Filipinos are still jobless, earn too little, and […]

National government outstanding debt (as of June 2022)

Agosto 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.