Can the Philippines Pay its P15-Trillion Debt?

The Philippines national debr has reached 15 trillion pesos!
Narrated by Tom McKay
Video Edited by iyanbriandi
Inquiries: [e-mail]
Brought to you by the Behind Asian Team.

[@BehindAsia]

Are you afraid the Philippines national debt? Let us know down below!

[@CARL_093]

yes and very worried too if this cannot be handled well it will ended out of control like the inflation

[@NeoWish]

Kinda but there is no need to pay it (except for intenrationtal debt) . Well unless debts grow like to 200% of gdp tomorrow. Our debt is still not that big.

[@sharoch]

14,000,000,000,000.00 Philippine Pesos = 238,726,165,222.40 US Dollars 1 PHP = 0.0170519 USD 1 USD = 58.6446 PHP Doesn't seem that bad?

[@kachickens4834]

no, collections of tax now gone high far exceeding the target..so, it"s not an issue..

[@aesthetica1]

No Its Not much of a Problem People Just dont understand How Debt actually works Cuz they only Think its Bad,

[@gelo9760]

Jesus christ , a lot of people in the comment section didn't watch the whole video

[@Tompulga]

Ohhh! Holly Indian Cow!

[@medviation]

I've been saying this for a long time. National debt does not work the same way as personal or even corporate debt. People are politicizing things they don't understand.

[@kazegarasu4704]

Oh really.. Why don't you explain it..

[@medviation]

​@@kazegarasu4704 Watch the video again. National debt should be used to build a better nation. Corporate debt is typically used only in the interest of a corporation. And personal debt is used to buy Mang Inasal when your salary runs out before the end of the month. We must dig deeper than just the amount, and look at individual loan transactions and how it is being used. Central banks control interest rates and to an extent influence inflation. This is power no corporation or individual has. This adds dimension to simply lending a friend P20 because they can adjust how much P20 is worth. Since the Philippines is a member of the world bank, the Philippines most likely lends money to other countries as well. As we grow and become more technologically more advanced, we may become a major lender in the future. We are indebted to them, they are indebted to us. It's a circle of life. ... Here's a cool thing any citizen can take advantage of. You can lend the government money through treasury bills and the government pays you back with interest. Imagine that. The government PAYS YOU, kind of like a reverse tax. That's money that goes back to the economy. If you are not (legally) reducing your taxes and making the government pay you, you are missing out!

[@phoenix5054]

​@@kazegarasu4704As long as you can print money, debt will always be paid, and as long as you can outgrow your debt, you will always be in a good place. When you overprint money though, it is paid with inflation.

[@ViolentCabbage-ym7ko]

And who is paying off the interest? The people

[@Kilo1992]

Even us and china has debt. There’s no going around it if the Philippines wants to compete with other emerging economies sadly.

[@OldMarius-gn5kk]

I just hope people should start voting outside of familiar names of the elites.

[@DeanMonio]

In your dreams...they always fall for the same broken promises

[@skyboom16]

lmao outside?? unknown elected individuals are more corrupt compared to the already known ones since people has expectations towards them

[@daneurope9167]

60% ratio gdp is one of the lowest in the world..italy has 160% japan has 200%…malaysia has more debt to gdp ratio..

[@stephenwang9567]

All bankrupt deceiving countries

[@user-tl4ly1fk2p]

Malaysia 63%

[@cakapcakep241]

Indonesia have better debt to GDP ratio than Philippines at 39% while having GDP Percapita at around 5000 US$ compared to Philippines 60% debt to GDP ratio with 3.500 US$ GDP Per capita.

[@komeratparewa400]

Indonesia 39% ratio gdp.

[@MrSpeedstar84]

How can u compared Malaysia Vs PH ?? Since Malaysia have multi income and tech chain but Philippines is one of the poorest in South Asian.

[@aloysiusvincentpuansing6383]

Its good to hear the foreign debt is fully covered.

[@resurrecciongabriel1325]

Bullshit yan lalaomg naghirap paano nangari

[@teatree6228]

????

[@bjornjacob9762]

short summary with a bit of interpretation for those Title based reactions who did not watch the full video. total debt = 14T php = 10T php domestic + 4T foreign. Domestic Debt - This is more dependent on Monetary policy than Fiscal policy. Central bank is the biggest factor here and the PH has always been blessed with the best Central bankers in the world. Foreign Debt - Inflation is scary, hyper inflation is terrifying. Fortunately, the PH is in the top 1 or 2 in ASEAN when it comes to the total reserve in months of imports(8-9months). That means what's currently happening to Sri Lanka/Pakistan/Venezuela is highly unlikely to happen in the PH since our Balance of Payments(along with our reserve) has been positive. When talking about current inflation don't forget to talk about current US fiscal/monetary policies as well. It doesn't matter how much you hate the current elected officials, It takes an absolute idiot to mess up this economy. Look at the numbers then look deeper. The reality is our growth is steady and organic. The sad part is, we cant feel it because we keep focusing on the wrong data.

[@ArnelAmador-wn4uu]

Di kayang intindihin ng mga pinoy yan, gang isang sentence, consist of two to for words, lang ang kaya ng utak ng pinoy, at bibigyan na ng napakahabang opinion at haka haka tulad nang nababasa mo rito. Kaya nauso ang marites, dun magaling ang pinoy..mas matalino ang dila ng pinoy kesa laman ng ulo

[@aaron1983]

Also, if you want a truly educated take listen to why our external debt is very manageable considering our growth trajectory from the central bank head himself. He has tons of interviews on KZbin.

[@romeobaptista1572]

the Philippines can manage this and no problem. we have lots of people to solve this problem. PTL. most other countries has much more than the Philippines. ❤❤❤ty and God bless the Philippines.

[@yootoober2009]

Most of the comments here seems to be singing to the choir, and the rest will never get the point of the video. It needs to be dumbed-down to the their level with no financial jargons and academic banking principles.

[@JacksonWong-pw4zq]

Who cares about all this rubbish just pay up usd14 trillion

[@seashellbeesaveres7951]

Debt is good in a free market economy. Its similar to how business is run, you don't run business with your own money, you finance it throught debt.

[@gctv4903]

All countries has debt,even the rich one it defends how government manage it.

[@yootoober2009]

It "depends" on how you "defend" it.

[@maldzmahalko590]

Do you know america is also in huge debt ​@@yootoober2009

[@baldeagledelta3482]

That's what worries me. 😢😢😢

[@WisdomLearner]

What people misunderstood here in this video context is that local debt although debt, acts like a saving fund to debtors. It's a debt in name but functions more like an investment. So the debt which is 4 trillion is the one we have to worry about. You necessarily don't have to print the cash unless the entire economy comes crashing down The dude was explaining stuff, why is the comments section so contrarian to actual content. Did this people even watch or understand the same video

[@chrisc5991]

Because people just react, not knowing the full context

[@FREIREN_28]

No it's on purpose to post this video.. para pag usapan.. ang title ng video nakaka triggered sa ibang pilipino.. sinadya itong i post para atakihin ng mga troll..me hindi nga natin alam Kong anu pakay ng mga gumagawa ng ganyan content.. first of all pilipino ba mga yan.?

[@aesthetica1]

cuz when people Mention debt People assume Its Bad immedietly, When in its not really much of a problem, They just dont understand How debt actually works

[@yscbruno]

They just read the title and that's it.

[@user-qz4eb5ih3k]

Because some Filipinos are SLOW in BRAIN and mostly those that are busy in KZbin are those are not busy in LIFE... you know, no work..

[@user-zi7zs7ve1v]

Philippine can manage it. Actually if we are basing on the debt to gdp ratio, nothing to worry, philippines is way stable than any countries

[@stevegochuico7072]

That debt is only 60% of GDP of the Philippines, that's manageable

[@ViscountAsmodeus]

The last time we had 60% in our debt to gdp ration, major fiscal policies were implemented by the Arroyo administration.

[@Pejuangilmuislam]

Only😂

[@dickmelsonlupot7697]

@@ViscountAsmodeus yes, but much of that debt back then was foreign. It's different now.

[@sam7058]

@@Pejuangilmuislam i mean the us has 136.6% of their gdp's debt. so imagine that.

[@JonsonJavier]

Well, prepare yourself for higher taxes. A lot of our taxes are only paid for our debts. We don't have many large manufacturing companies like other countries.

[@michaeljohncatubuan9290]

This is educational, good job

[@alma09876]

Debt + Inflation = Duterte legacy!

[@JDTheKobe24]

no issue coz USA and japan has more debt 😂

[@nico77212]

If you asked the financial history of the Philippine, One of the best in Asia = Marcos One of the worst in Asia = Cory kong

[@brianchestergamilla5340]

Duterte Legacy

[@JDTheKobe24]

@@brianchestergamilla5340 build build build is the best.

[@lextan7844]

Blame pa more to Duterte! Who is sitting and borrowing. Duterte borrowed because of covid. Duterte legacy is very tangible. Manila bay, boracay, Tulay and ports. Polvoron kc kaya galit.

[@jperez7893]

the philippines should offer more lower denominated treasury bills to its citizens as high yield tax-free bonds so that the population can enjoy a high return on its deposits while insulating itself from external financial shocks. also, the philippine government should mandate the central bank to increase its balance sheet equity with 50% of any profits that it enjoys annually. this method alone will expand its balance sheet from the infusion of retained earnings such that its asset base will be increased as a defense to any external shocks. furthermore, the philippines should join brics nations to insulate itself from the economic hegemony of the us banking system and make itself more independent from the influence of the federal reserve and us economic planning.

[@JS-jh4cy]

Damn belt and road projects turned into an heavy ball and chain to Phillipines

[@bopian8913]

US regime without the belt and road initiative is suffocating itself to death from its own debt of USD34 trillions.

[@yueleong2590]

​@@bopian8913 WILL BE 35trillion before year 2024 ends

[@architech02]

​@@yueleong2590 It just reached 35 trillion a few days ago

[@banned29lean-w5r]

it has already hit 36 tri USD lol. watch david schiweikert, the only non-rtard US congressman. Ph hasn't even hit a tri USD. "let's convert it to pesos so the whole youtube will panic." marcos, just like his dad, are just political puppets. businessmen are still trading heavily with ASEAN and China. SCS is a misdirection. the fact is Russia and China are happy about these 'wars'. TW, Ukraine, Ph, UK, Venezuela, etc, are draining them to death.

[@lhon]

Now you know that politics only hype our debt bec.we mostly borrow locally not like other country. We have the competent banker in BP.

[@yootoober2009]

BSP

[@lhon]

@@yootoober2009 BSP right sorry my phone auto correct sometimes I did not notice. Tnx sa correction.

[@jeunpadilla8825]

No. Credit spurs progress. It can be self liquidating. Used for its purpose it could be paid easily.

[@Stephen_Jabs]

Marcos gold should be able to handle it if Marcos Jr. Will find a way to use it

[@red_devil17]

Yes ilabas ang tallano gold 😂

[@user-bp5yz3oy3z]

Meron din mga ibang bansang may utang sa atin n Hindi pa nbbayaran Nung si FEM pa ang pangulo...

[@red_devil17]

@@user-bp5yz3oy3z anong bansa? Saan source mo?

[@macolet9711]

Printing money to pay local debt. Sounds easy huh!!! If the govt keeps on printing money. .its value will decrease. Prices will go up. But they cant just increase the salary because it will push up the inflation more! Imagine the impact to the purchasing power and to common filipinos. Php to USD is now at 58 pesos. Compared to just 42-45 during the time Former Pres Pnoy. Prices of commodities has doubled if not tripled. Guest how much the minimum pay increase? Its less than 10%.

[@dickmelsonlupot7697]

If you're implying that Aquino was better because of the lower exchange rate for the PHP, then hate to break it to you but that's not because of Aquino but because barely anything happened during his time, the US economy was in a downturn especially during the late years of Bush and the time of Obama, we didn't have any oil crisis & OPEC+ weren't controlled by idioootzz back then, no Pandemic happened and no major war like the current Russo-Ukrainian War happened where the "War on Terror" ironically stabilized the world's economy. If you'd care to listen to the video or did any actual research, you'd know the reason why the PHP devalued isn't because our economy isn't doing well (in fact, it's actually doing quite good overall and is stabilized) but because the US economy is in a weird place where the vast printing of the USD has caused massive inflation worldwide. It didn't help that the pandemic & the current Russo-Ukrainian War happened which basically fckkkdd everything up and caused the current fuel crisis especially with the West banning Russian oil. There is nothing really wrong with the PHP exchange rate. Just compare it with the other currencies and you'd realize that it isn't as bad as you might think.

[@antpoo]

It’s exactly the same in all countries. It’s all coordinated

[@macolet9711]

@@antpoo there are certain control in place in printing money. Countries just dont print money as they please.

[@antpoo]

@@macolet9711 The USD is the reserve currency, every other currency is a derivative, So the US has been printjng to pay back its 10 year bonds among others, Over 8 trillion with more to come. This pays back the principle to China and other countries, and causes high inflation in the US, but is lessened by the fact that the Chinese liquidation of the US bonds raises the price of the USD. Every other country to the best of their ability has printed exactly the same amount relative to their gdp and population size. 3 examples. Australia, Philippines and I donesia all doubled their gdp since COVID. Was it a production increase? 😂😂😂 Pure inflation. That is why our currencies are all similar to pre COVID and holding steady. All the central banks are printing in a coordinated Syed manner to reduce the foreign debts and keep the system ticking. Ps, developing countries benefit from the inflation more than western countries.

[@antpoo]

@@macolet9711 ps, Printing money is government spending money they do not take in from taxes. They just simply spend recklessly and the economy suffers the inflation, This is not physical money printing, but deficit spending of credit/debt. Money printing comes in a variety of forms, but in a nutshell it is creation of credit/money above the rate of production.

[@monsourtecson4582]

We use it to make the project made into life while not touching the hard earned cash of the people. and make benefit with it in a long run.

[@carlknightcoph9494]

the real question is who is the owner of those money that every country is indebted to

[@secretsthatukeep]

Subbed. Awesome explanation. Great on breaking down debts and other factors within.

[@Always_Pistachio]

Rolling over that domestic debt is getting expensive now. But this too shall pass. That Japanese debt looks like a gift, given that the Yen has crashed vs the Peso. I am impresses with the Philippine central bank (BSP).

[@edzdeguzman612]

It's peso only not dollar.. that is very low compare to other country's with loan...

[@LennefalkStudios]

Really interesting, thanks for sharing! 😀

[@monsourtecson4582]

Yes, because lendors audit the paying capabilities before borrowing of money took place.

[@SdoZachary1]

Repaying money is not the purpose of the lender. When you can't repay your debt, they want to take away your assets cheaply.

[@monsourtecson4582]

@@SdoZachary1 It's not gonna happen, constitution got safeguards with it.

[@yootoober2009]

except borrowers always lie in their loan application.

[@monsourtecson4582]

@@yootoober2009 Fraud analyst cannot be fooled.

[@josecorazon.bautista]

Read the term Multi Year Obligational Authority. In simple explanation, debts are with terms & payments are in installment yearly, & the PH can easily pay thru revenues collected until fully paid & wiped out from the debt service. P15T, thats still cheap, for next year might decrease as some debts are about to be wiped out.

[@amparoconsuelo9451]

The point is that the Philippines would not be able to pay its debt of 15 trillion + interest in 25 years. Principal plus interest payments is practically a deduction from total national budget. This is compounded by the fact the Philippines will still be borrowing trillions and giving out ayuda in 2025.

[@jaysantiago5737]

This is a feel good channel....

[@jonathangan1987]

Wow but we do have people who are getting richer every year. Some have million of dollars stashed in foreign banks without having any privately owned business or stock investments. I wonder how do they earn that amount of crazy money? At the end, Filipinos will inherit that debt while some will leave the country enjoying their bounty. #BUWAYA

[@caddycheon]

But.... borrowing in WB have hidden in between lines agreement and it takes long to process and its approval takes long.

[@amparoconsuelo9451]

The Philippines would not be able to pay its debt of 15 trillion + interest in 25 years. This is compounded by the fact the Philippines will still be borrowing trillions.

[@gabrielsebastian8184]

Big issue our politicians have to explain to our people on how to pay.

[@melvinstarita]

It's all about ratios.

[@mymonster156]

Just follow what the USA does and you will be fine! Good luck!

[@yootoober2009]

Php 15 trillion pesos is only 17 billion dollars @ 55 to 1 exchange rate... that sounds reasonable. The OFW cash remittances to the country alone in 2023 was $33 billion dollars and GDP was $404 billion - third behind Thailand and Vietnam. The Philippines Government debt accounted for 60.2 % of the country's Nominal GDP in Mar 2024, compared with the ratio of 60.1 % in the previous quarter. Philippines government debt to GDP ratio data is updated quarterly, available from Mar 1993 to Mar 2024. The Philippines BPO industry contributes nearly $30 billion to the economy each year. It is estimated that 1.3 million Filipinos were employed in over 1000 BPO companies in 2019, and that figure is showing 8-10% growth every year. It is estimated that the country holds 10-15% of the global BPO market. Sounds like the country needs to invest more, or give each worker and retirees $ 1,000 dollars (Php 55,000) a month UBI for as long long as it's affordable. Or, Php 15 trillion peso debt should be $15 trillion dollars - then we are in deep trouble, the US has a $33.17 Trillion national debt, Japan $9.2 Trillion and China $2.38 Trillion. If true, we should sell the Phillipines and just rent it from whoever buys it. Or, my 10th grade math is really wayyyyyyyy off. Or, the authors of the video need to "dumb it down" to the level of Filipinos who only understand the ins and outs of borrowing money from local banks and loan sharks, which is the majority of Filipinos.

[@robocop581]

$17 billion debt requires interest payments. That alone sucks up a lot of taxpayer revenue.

[@phoenix5054]

Yes, @55 to 1 it's $270 billion. @59 to 1, which is nearer to the current exchange rate, it's $250 billion. Your math is really way off.

[@cuongdo9958]

Marcos laughing to philipino’s faces left the chat.

[@BisayangdakoVlogz]

Fyi, Marcos already paid a big amount to our debt which Duterte left after his administration. Duterte borrowed alot of money during his administration. Thanks to Pbbm who paid our debt

[@dickmelsonlupot7697]

@@BisayangdakoVlogz that "borrowed" money is mostly local (if you even cared to watch the video, you'd see how that isn't even an issue) and that debt was easily payable that even the Libtarddzzz wouldn't have an issue paying.

[@gfr943]

STUPID

[@mariojr.4409]

Don't you know that during Aquino the total debt was just 5T? Duterte made it 13T. Now during Marcos it is 14T+ Duterte increased the PH's debt to the sky.

[@gamehighlights101]

bubo mo😅

[@neliobello449]

Every president we elect always make a debt. Local filipinos suffered much.

[@zenonemariano1214]

bangko sentral ng pilipinas is autonomous. the government cannot force them to print more money as they are in charge to stabilize the currency

[@johnrenzescala4420]

Video forgot one important factor, the corruption level in the philippines is one of the highest in the world, those borrowed funds doesn’t trickle down the citizens and gets plundered by politicians along the way.

[@jeomaiduldulao6655]

sadly, thats true, i really really really hope, the current administration do some radical changes on the standards of the COMELEC on accepting candidates, like "No 2 relatives to the 4th degree can run at any office at the same time", sadly, no politician in power right now would want any changes on the standards because they will lose money!

[@user-jp2us5vk6t]

Addict ang predlsidente.....wala sya dapat sa kanyang position.....nambudol.sya kaya nanalo.....dapat na sya ibaba... Bangag, alis dyan....

[@red_devil17]

​@@jeomaiduldulao6655asa ka pa eh dynasty din marcos you think may babaguhin sila?

[@Always_Pistachio]

Actually, it works that way in the States. Much of gov spending goes to corporations that kick back to politicians or the permanent government. It's called the 'revolving door'. When a gov employee (or politician or general) is actually working for a corporation's benefit he is rewarded by getting a do-nothing job with that corporation (or a think-tank, or charity, or speaking fees). Sometimes a spouse or child gets that cushy job (Hunter Biden). Corruption is very systematic in the US government. The corporations write the tax, trade, and regulatory laws to benefit them. I think the US is far more corrupt, but it is just done in a slower and more sophisticated way. I like Philippine gov bonds and hold a lot of them. I do not hold US debt of any kind.

[@ivanmontanga4870]

Government is really shame, from captain to mayor and governor. Take a budget ang 3/4 of money is in pocket of corrupt leader in any city

[@Miss-Cheesecake]

Yes, if we don't have corrupt politicians

[@trebledc]

Debt is okay if you're investing it properly but if it's embezzle and siphon through kickbacks by politicians then that what makes the country fuck up.

[@user-fl8lb2im8d]

The politicians don't give a shit as long as it doesn't affect their perks.

[@helloworld040]

To say that domestic debt doesn't matter is stupid lmao. Just compare it with the saving ratio of personal phillippos. If inflation rise it will burn the little savings the common people have.

[@VincentTansoon]

That's why President Bong Bong look for Japan to joining defense together. This is something that lots of investment left the country because economic is very poor in the Philippines.

[@baldeagledelta3482]

Ask BBM, he caused it to happen.

[@reyesrhian6872]

Napaka engot ng comment mo. Kakahiya! 😂

[@sfsastro8697]

It was 7 trillion before duterte became as the president, in 2022 it became 15 trillion ( 8 trillion increase) the debt is going down by the time Marcos took seat as the president.

[@EPIC_HHH]

Like every country...

[@teofilosagarino2459]

Bakit umutang? magkano ba ang kita natin? compara sa utang.

[@ARC7IT3CT]

No worries! 10 Filipino Generations will be paying for them! So the PH Government will keep loaning!

[@Josh-jh6no]

uhoh someone didnt watch the video lol

[@NeoWish]

There is no need to pay debts lol. Its just an imaginary number western fiscal conservatives created.

[@454charing]

And 10 generations will use that debt as infrastructure, tax breaks and other socialized benefits.

[@ARC7IT3CT]

@@Josh-jh6no lol

[@MrOraenji]

Someone who doesn’t understand macroeconomics

[@berth1812]

The Philippine national debt has experienced a significant increase from 2010 to 2022, more than tripling during this period. Here's a breakdown of the key trends based on the provided search results: Overall Debt: - 2010: The national debt stood at ₱4.72 trillion. - 2011: The debt rose to ₱4.95 trillion. - 2012: The debt continued to climb to ₱5.44 trillion. - 2013: The debt reached ₱5.68 trillion. - 2014: The debt climbed to ₱5.74 trillion. - 2015: The debt reached ₱5.95 trillion. - 2016: The debt stood at ₱6.09 trillion. - 2017: The debt rose to ₱6.65 trillion. - 2018: The debt continued to climb to ₱7.29 trillion. - 2019: The debt reached ₱7.73 trillion. - 2020: The debt jumped to ₱10.03 trillion. - 2021: The debt surged to ₱11.73 trillion. - 2022: The debt reached ₱13.42 trillion.

[@TravelChannelOne]

America's $34,729,683,108,824...$1.9t deficit...$6.8t expenditure....$4.9t revenue..

[@jessier3602]

Yes the Philippine Government can print money more because of its Gold reserve in Switzerland the so called Yamashita Gold treasure

[@handsam5]

I am a filipino and i don't give a damn about Philippine debt.it is not my problem at all. it's is government problem.

[@PracticeZero-qy4lz]

If we go to BRICS we can pay it little by little

[@ramonchristophermanero57]

Filipinos Supply money to the banks. Banks loans money to national govt. National govt spends money for development. Development creates more income. More income means high spending and increase govt income. National government high income pays the loans. 😅

[@ramongabutina8015]

If China & US can do it, Phils can also.

[@scorpio_butuan]

Yes, we can pay that no worries.

[@rogerhernandez7222]

When politicians especially senators and congressmen were given yearly USD 1.5 millions each "lawmaker" for their "identified projects" and regale themselves of having passed a bigger budget each year, national debt will grow exponentially. Get rid of that useless confidential fund and expel/recall useless actors in the House.

[@nikkocanzana6113]

Possible, 1 trillion parlay 😎

[@asyongmatipid2]

Our foreign reserves alone is bigger than our foreign debt at around US $100 Billion. Actually, the US even owes the Philippines around $49-50 Billion. It is not as concerning if most of the foreign debt has long term maturity which means it needs to be paid over time. I'm pretty sure that is the case because our economic managers have learned from the past mistakes of the elder Marcos who bankrupted our country due to heavy reliance on shorter term foreign loans. This was the main reason why admins after him focused on repaying our debts instead of building infrastructure. As long as the economy keeps growing and we keep attracting investments that create jobs and more importantly revenues that will help pay for the debt the ratio would eventually be outgrown. The government's target is to lower the ratio to 56% and even lower gradually which is the preferred way to avert a potential debt crisis scenario.

[@user-kg5uw9yo4m]

Well. the Philippines needs to start drilling the oil in WPS and mainland gas and other natural resources. The Oil itself worth $26 trillion already. Bigger volume than Saudi Arabia and that can help also paid off everything and could make all citizen out from poverty.

[@dickmelsonlupot7697]

That's easier said than done. Off-shore oil mining is one of the most difficult, most complex and most dangerous form of oil extraction. It's not something we can do in just a whim.

[@Chingchangchung1989]

Duterte legacy! 👊

[@rodenmosqueda6950]

Tagalog taga luzon ka yata😢

[@user-vo3fv2er9q]

It's duterte admin makes the Philippine Dept higher...

[@vicvic4305]

True

[@francivanirgarcera8213]

I find this informative

[@lyrics8386]

Grabe tlga bsp kundi dahil sa kanila matagal na tayong nasa crisis

[@brucehetrading]

Like the USA, they never intended to return it anyway.

[@Kilo1992]

I mean other countries can try to get back their money from the US but I doubt they could.

[@aubreyrobin]

At last someone talked about this. Our central.bank won't stop printing money

[@yootoober2009]

So,? they do get worn out and become unserviceable.

[@aubrey7460]

@@yootoober2009 BSP just prints too much. For reference, in the past 10 years PH central bank increased our money supply by 244%. It's too much compared to other countries which only hand an increase of 60% to 140%.

[@victorteo4783]

How can the population of 115 million of Philippines pay the 15 Trillion Peso debt? That is 800+ Billion US$?

[@reynaldotaningco4851]

Question is where will you get the money to pay our debts??? How much of the annual budget goes to debt servicing??

[@JonsonJavier]

Taxes

[@Tompulga]

During Pnoy it was 6T, when Duterte seats, became 12T.

[@FilipinaVlog-od1et]

Well its PRRD Legacy

[@jayamplayo1630]

Mangmang spotted 😂😂😂

[@chandanabella4265]

Phil could not pay debt para maging zero balance. Sincce more imports are d policy. Domestic production of goods and services find no market abroad. etc.reliance more on ofw. Phil export ofw, but less on goods, even agri products are more for imports, and less manufacture of goods more imports din...

[@niloantonio3661]

its way less than $1 trillion debt..

[@FLO-o3z]

Yes

[@maldzmahalko590]

10 trillion debth is money cirulating our economy foriegn debt which is 4 trillion that is out of our economy

[@FLO-o3z]

Yes philippine can pay slowly

[@JonathanOranio-td6bk]

BSP NATIONAL DEBT 10% TITHS 9-1 PHILSA FOUNDATION. San Jonathan

[@jun-ih2pg]

I doubt , because our government traditionally lend money at world bank so I think we don't pay it all and I very sad because our government continuously lend money as the only solution for our nations solution to many domestic problems

[@emersondenado2038]

The question wasn't answered

[@khoinguyennguyenthe4738]

255.5B US dollars debt, cover 1/3 of the Filipino economy

[@peterl545]

Debt to GDP ration is 60%. I would say, EASILY.

[@fernandooba2829]

If theres a will..theres a way...the X factor!

[@PinkyyyBoy-be5cw]

Debt trap ?

[@katykitty6457]

Jus imagine kalahati niyan kagagawan lang ng isang presidente n walang alam sa ekonomiya tsk tsk tsk , walng matindi ng infrastructures hospitals, roads or bridges or develoments kundi cutting ribbons lang ang ginawa sa mga projects ng sinundan niyang administration 😂😂 😂

[@manolojimenez4970]

WHO POCKET THE BILLIONS OF PESOS? OKAY HAVE DEBT OF 15 TRILLION PESOS CAN THE 'PEOPLE WHO POCKET THE FEW BILLION PESOS CAN IMF REQUIRE THEM TO PAY BACK, OH, THEY NEED TO! BECAUSE IT WAS 'IMF BANK' YOU DON'T NEED TO BE 'DRUG MANUFACTURES/ OF BANK ROBBERS' 'POLITICIANS CAN GET AWAY EVEN 'HEINOUS CRIMES'. 'WHAT A BEAUTIFUL WORLD OF CORRUPTION' "AGREE"? "DISAGREE"?

[@pauljoseph3081]

The Philippines biggest problem is their OFW system. They send talents/workforce overseas to offset the rising inflation. They're not self-sufficient despite having massive agricultural lands. They export Pineapple, Palm, Cacao, Bananas etc and import canned goods at a higher cost. They have no foresight in nation building, especially in infrastructure and city planning.

[@laichuonkui69]

Marcos can overcome this, if he can have some pocket money.

[@user-nr1gg4lw5i]

donot you worry coz you will not pay it!😃🇵🇭🇵🇭🇵🇭🇵🇭

[@lholocohen-xt6mp]

Why should i? Of course not! Im rather be afraid of the climate change. Floods, heatwave etc etc.

[@ThelmaVicente-xp6vs]

Where did this money goes????

[@testaccount2319]

10USD/day minimum wage. Congratulations! Citizens go abroad to get job.

[@fortbarrera8925]

" THE PHILIPPINES CAN ALWAYS AFFORD TO PAY ' NOT ONLY WE HAVE A WORD OF HONOR , BUT WE ARE A GOOD, HONEST, & TRUSTED CREDITOR

[@romero424]

Pharmally and tong Ats of Dutaes

[@gogofmagog2382]

PH will pay that Debt with Marcos Gold interest earnings in Trillions dollars from 170 Banks around the World. That’s why we voted Marcos for President, so he will pay that Debt. lol.

[@ThinkTalkListen]

They voted for marcos jr to end up in this debt bcos his father assets and wealth are in US protected by US military. That is why US have 15 military bases in PH. Try getting loan from China?

[@gelo9760]

Have you even watched the whole video?

[@sfsastro8697]

China is a debt trap

[@MrYevelnad]

As long as we have OFW, we still have tonnes of US dollar reserves.

[@JonsonJavier]

We have declining US dollar reserves because we are importing more than what we export. We have trade deficit.

[@CARL_093]

if this goes on it will ended out of control The WHOLE FILIPINOS WILL SUFFER FOR IT

[@carlotristandumelod2223]

At the end of 2028 the debt of philippines will be at the worst ever because of one family only😅😅😅😅poor

[@yootoober2009]

@@carlotristandumelod2223 are you 10years old?

[@carlotristandumelod2223]

@@yootoober2009 are you bangag?nakadrugs ka nanaman ba?magbago na po kayo alang alang sa bansa natin

[@shiroyuki_]

aint gon lie bro ur brain might be smoother than a cold jello

[@user-qz4eb5ih3k]

Nakita nyo na katulad nito,SLOW sila sa understanding

[@Doraemon69168]

Need not worry.. Your sugar daddy is behind you 😂😂

[@user-mb9cy5hf3r]

Kaya po bayaran yan yun west philippine seas kailangan matayuan ng oil gas plant

[@amparoconsuelo9451]

The Philippines would not be able to pay its debt of 15 trillion + interest in 25 years. This is compounded by the fact the Philippines will still be borrowing trillions.