economic stimulus

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.

IBON Executive Director on meager increase in the national budget

Hulyo 23, 2022

IBON Executive Director Sonny Africa on meager increase in the national budget for 2023

With among the highest joblessness and inflation in Southeast Asia, PH needs bold econ reforms–IBON

Hulyo 20, 2022

The Philippines has among the highest unemployment and inflation rates in the region, underscoring the country’s worsening conditions and the urgent need for radical economic measures.

Marcos should admit 3-year high inflation to propose real solutions — IBON

Hulyo 6, 2022

Inflation is at its highest in three years, but instead of offering a real solution to soaring prices, the newly-installed Marcos administration is downplaying the severity of this and saying it is beyond government control.

1.3M jobs lost: Fall in number of employed bursts full recovery hype bubble

Hunyo 11, 2022

The incoming finance secretary claims that the economy is on its way to full recovery, but the over one million drop in employed persons in April 2022 proves otherwise.

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.

Jobless, sluggish growth persists contrary to gov’t hype — IBON

Nobyembre 10, 2021

Economic managers shouldn’t celebrate too soon over seemingly positive third quarter growth as more and more Filipinos lose jobs and increasingly make do with informal work. Economic growth is also still slowing with many sectors years from recovery.

Job losses despite quarantine easing may be early sign of economic contraction – IBON

Nobyembre 5, 2021

The Duterte administration should not be dismissive of the significant drop in employment and rise in unemployment in September 2021. These are signs that the economy is still floundering despite quarantine restrictions easing and vaccinations increasing.

Worsening joblessness and informal work can be fixed with immediate ayuda, stimulus

Setyembre 30, 2021

Latest labor force data of high unemployment and increasing informal workers should be a wake-up call for government to immediately undertake stimulus measures.