Debt-driven pandemic response unacceptable
Debt-driven pandemic response unacceptable
Bulatlat.com
President Rodrigo Duterte and Finance Secretary Carlos Dominguez III want to make us believe that getting loans and selling the country’s assets are the most viable solutions to fund the government’s COVID-19 response.
As of 2019, our external debt stands at US$83.62 billion. Given a P7.7-trillion debt, each Filipino owes P70,000 to foreign creditors.
We have not even paid in full the debts incurred by the late dictator Ferdinand Marcos, which, to quote Bayan Muna, “mostly went to the pockets of the Marcos family.”
Comments (0)