Philippines’ debt now 63.5 percent of GDP
The elevated debt-to-GDP level could put the country’s investment-grade credit ratings at risk, while putting pressure on the government’s narrower fiscal space.
The elevated debt-to-GDP level could put the country’s investment-grade credit ratings at risk, while putting pressure on the government’s narrower fiscal space.
Atty. Vic Rodriguez, Marcos Jr.’s spokesperson, said that the Philippines’ relationship with the US “will get better” under the presumptive president’s administration.
The drug war, which Duterte launched when he assumed power in 2016, has been highly criticized both domestically and globally.
The culture of lies and deception through misinformation and troll farms has made democracy more vulnerable.
The votes for Marcos Jr. were equivalent to 57.14 percent of the total counted so far, not far from the results of the last preelection survey conducted by Pulse Asia.
An official of the Department of Health clarified, however, that getting inoculated is not a must for those casting their votes on May 9.
Pollsters predict a landslide victory for Ferdinand Marcos Jr., but the elections may yet be decided by the undecided, a political analyst said.
The government targets 7-9% GDP expansion on the back of further economic reopening by dismantling pandemic restrictions and mass vaccinations.
According to the Commission on Elections Commissioner George Garcia, there are 7 million new voters in the 2022 elections.
The national debt has ballooned to P12.68 trillion in March 2022.