IBON submits report on state of Philippine economy to United Nations

Abril 4, 2022

NEWS

The poorest 70-80% of Filipinos are denied their right to development while government economic policies continue to bolster the wealth of super-rich oligarchs and the profits of large corporations

Wage increase needed to avert only real wage decline in 36 years

Abril 1, 2022

If the Duterte administration does not give a large wage hike, it will finish its term with the only decline in real wages among all post-Marcos administrations over the past 36 years.

Oil price rollback not enough for Filipinos to recover income losses

Marso 23, 2022

NEWS

The Duterte administration’s belated move to raise cash aid to Php500 per month does little to help millions of poor and vulnerable Filipino households recover lost incomes and cope with rising prices.

Jobs crisis worsened by fuel price hikes and measly ayuda

Marso 18, 2022

NEWS

The huge drop in the number of labor force participants and employed persons from December 2021 to January 2022 is concerning and underscores the country’s precarious jobs situation.

Gov’t, not pandemic, caused record deficits and debt – IBON

Marso 5, 2022

Had the Php5.3 trillion gross borrowings in 2020 and 2021 been spent on ayuda and producer subsidies, and less on infrastructure and debt servicing, economic rebound would have been bigger, revenues would have recovered faster, and there would have been less need for borrowing.

Record debt not due to COVID-19 response

Marso 5, 2022

The Duterte administration did not change its priorities despite urgent pandemic needs and, if anything, only used COVID-19 response to cover up massive borrowings for continued debt servicing and infrastructure.

IBON statement on the New Bataan 5 massacre

Marso 1, 2022

We decry the government’s so-called anti-terrorism campaign which is being used to put down struggles to assert rights, social justice and development.

PH upper middle income by end 2022?: Just a number – IBON

Pebrero 12, 2022

The “upper-middle income” country status that the Duterte government is hoping to achieve this year is just a number. Even if reached, this is an empty achievement amid the weakest economy and worst joblessness in decades and will just reflect the prosperity of an elite few.

Duterte gov’t creates the most unemployment among all post-Marcos admins

Pebrero 10, 2022

Pres. Duterte will leave behind a legacy of having the biggest increase in joblessness among all post-Marcos administrations.