Can the Philippines Pay its P15-Trillion Debt?

[@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,

[@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.

[@lordlopikong6940]

Yes I always hated that about my country I always feel ashamed of ofw because it shows that the country can't even provide for thier own talents. But somehowbthe Filipino pride made it a thing to be proud of ofw

[@pauljoseph3081]

@@lordlopikong6940 We were always a slave, we're not as patriotic as the Americans, Japanese, Chinese etc... I'll do my best to get out of this country for the sake of my family

[@raypinparty7052]

Just to correct some impression: yes we have around 4 million OFWs and expats sending home around usd 40 billion dollars back home. That remittance becomes part of the Philippine economic resources that will benefit consumers and businesses alike. More consumer expenditures means more business revenues. More business revenues means more business expansion and more expansion means more jobs. It is a win win solution since we have an excess supply of skilled labor and educated Enish speaking work force. We have s large population. Now, usd 40 billion is a lot of money but did you know that the biggest recipient of remittances is France, an industrialized country? OFW is a huge plus for the country. Teo, the largest exports of the Philippines is actually not agriculture but electronics. Agriculture like bananas and pineapple is only fifth place. Yearly, electronics exports account for more than usd 45 billion. Exports means most just manufactured goods but services. Services means the business processing outsourcing industry. How much does services exports contribute to the economy? Around usd 40 billion a year.

[@asyongmatipid2]

Actually, it's a source of strength not only because it's a huge source of foreign exchange. We need dollars to import oil, farm products that we don't produce enough of like rice, wheat, machinery etc. Unlike our export industries especially semiconductors which although is a huge contributor to the economy also requires huge amounts of dollars to import raw materials that we don't produce. When Filipinos remit money back home they pay indirect taxes coz a certain portion of the remittance fee goes to the Philippine government. When a factory worker from the Philippines leaves and works in Taiwan the factory he leaves in our country will have to hire another Filipino so the OFWs also indirectly create employment for new workers to fill. A lot of OFWs were able to build houses without a mortgage, send their kids to college, put up businesses without bank loans etc. and this is partly the reason why our country has a low Household Debt to GDP compared even to more advance countries like Singapore, Korea, Thailand etc.

[@AprilTel-tg5sj]

A very sad reality here at home. And it seems we keep voting in politicians who are not interested in strengthening out agriculture at all

[@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

[@Witty.Momshi]

except the few

[@gabrielaldave1656]

ph election system encourage personality politics. there wont any change unless the system itself was change sadly filipinos were so afraid of amending the constitution which guide the system. cant imagine someone using a 2015 facebook version in 2024. constitution was made on 1987 and was never amended even once.

[@Ope-que]

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

[@alyasVictorio]

Yea

[@beourne]

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

[@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.

[@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.

[@PRINCESSCASAR]

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..

[@aloysiusvincentpuansing6383]

Its good to hear the foreign debt is fully covered.

[@resurrecciongabriel1325]

Bullshit yan lalaomg naghirap paano nangari

[@teatree6228]

????

[@VolleyPlanet-u3e]

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

[@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.

[@jeunpadilla8825]

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

[@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.

[@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.

[@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.

[@weewwolf7781]

And these business are the first one to failed when we hit with a recession.. And need government to bail them out..

[@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.

[@Byenie0912]

70% of that national debt is from domestic borrowings and there is no harm in that. any Filipino with an investment portfolio knows and benefits from the government borrowing domestically.

[@chongsewaun930]

Simply wonderful. Just follow the US.

[@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

[@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.

[@krystlea5210]

Let's not debate about emotional reaction to public debt, and more on monitoring risks and impact of its planned payments

[@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.

[@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.

[@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 😂

[@Catalinav.Bernardino]

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

[@red_devil17]

@@Catalinav.Bernardino anong bansa? Saan source mo?

[@secretsthatukeep]

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

[@jaysantiago5737]

This is a feel good channel....

[@JohanFitFoodie]

Really interesting, thanks for sharing! 😀

[@edzdeguzman612]

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

[@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.

[@Quertzy]

please use debt to gdp, this means nothing

[@berth1812]

@@Quertzy The Philippines' government debt-to-GDP ratio is a key indicator of the country's financial health and its ability to manage its obligations. This ratio represents the total amount of government debt outstanding as a percentage of the country's gross domestic product (GDP). Recent Trends and Projections As of December 2023, the Philippines' government debt-to-GDP ratio stood at 60.10 percent.. This figure represents a significant increase from the record low of 39.60 percent in 2019. Trading Economics forecasts that the debt-to-GDP ratio will continue to rise, reaching 63.00 percent by the end of 2024. Long-term projections suggest the ratio will stabilize around 64.00 percent in 2025 and 66.00 percent in 2026. Historical Data and Analysis Historical data from MacroTrends reveals a more nuanced picture of the Philippines' debt-to-GDP ratio over time. The ratio has fluctuated significantly, with periods of both increase and decrease. - In 2014, the ratio was 43.43 percent, a decline from 47.14 percent in 2013. - The ratio then rose to 49.16 percent in 2012, before falling again to 48.81 percent in 2011. It's important to note that MacroTrends' data for years after 2016 shows a consistent 0.00 percent debt-to-GDP ratio. This discrepancy likely stems from differences in data sources and methodologies used by the different organizations. Implications and Considerations The Philippines' rising debt-to-GDP ratio is a cause for concern, as it can potentially lead to: - Higher borrowing costs: A high debt-to-GDP ratio can make it more expensive for the government to borrow money, as investors may perceive the country as a higher risk. - Reduced economic growth: Higher borrowing costs can stifle economic growth by making it more expensive for businesses to invest and expand. - Fiscal constraints: A large debt burden can limit the government's ability to spend on essential services such as education, healthcare, and infrastructure. However, it's important to consider the context of the Philippines' debt situation. The country has a relatively young population and a growing economy, which can help to support debt repayment. Additionally, the government has implemented fiscal reforms in recent years aimed at strengthening its fiscal position. Conclusion The Philippines' debt-to-GDP ratio is a complex issue with both positive and negative implications. While the recent increase in the ratio is a cause for concern, it's crucial to consider the broader economic context and the government's efforts to manage its debt burden. Further monitoring and analysis of the debt-to-GDP ratio will be essential to assess the country's long-term financial stability.

[@Quertzy]

@@berth1812 Thank you for this. I'd like to add however that this focuses too much on the negative implications, not giving any example of the possible positive implications which was mentioned on the conclusion. It also did not explain the cause of the sudden rise in debt to gdp, and where/how it was used. in an article released by NEDA titled "DBCC JOINT STATEMENT: Review of the Medium-Term Macroeconomic Assumptions and Fiscal Program for Fiscal Years (FY) 2024 to 2028, June 27, 2024", they aim to reduce the debt to gdp ratio from 60% in 2024 to 56% by 2028. Debt to gdp during the years 2021-2024 has remained stable at 60%. This is most likely related to the fact that the amount of interest the Philippines in terms of % of revenue pay has remained stable since 2021 at around 14%, and id like to add that that statistic peaked at 39% during 2004 and was at 15% in 2015 and 11.5% in 2019 according to the world bank. Though i would prefer we decrease the debt to gdp as the geopolitical situation and international economy look turbulent so we can be ready for any possible future crisis im only commenting this in hopes of clearing up any possible misunderstanding that may be caused by the lack of proper non negative implications from the reply. Id also like to add that if the GDP grows and the government revenue grows, but the debt to gdp ratio stays stable, the capability of the country to service that debt improves, either they maintain the debt to gdp and the interest payments in terms of % of revenue to have more money to spend on other things, or they increase the interest payments in terms of % of revenue to decrease the debt to gdp ratio for more information to those interested, search up quantitative easing and deficit spending

[@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.

[@Educated_Guesser]

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).

[@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

[@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.

[@carlknightcoph9494]

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

[@flip1sba]

Our country's debt to gdp ratio remains at a manageable level and foreign debt remains one of the lowest in ASEAN.

[@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.

[@TravelChannelOne]

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

[@planetkc]

With President Marcos and Future President Sara Duterte? YES!!! 👊👊👊

[@rexlaolao3763]

im sure that this content was so old that never predicted we almost out of debt now. Philippines debt in just 700B pesos from 14.5T pesos. thats how amazing our president works.

[@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!

[@DaniloSia-n1r]

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?

[@Educated_Guesser]

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.

[@teofilosagarino2459]

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

[@markrunnells5642]

*Closed-door government, 116 political parties, 86 conflicting languages, no mills, no assembly lines, no factories. Continue fighting yet your island territory has horrid debt.*

[@melvinstarita]

It's all about ratios.

[@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.

[@AhamdMushaffa]

omg thats alot of debt. But As Indonesian .Im sure our cousins can handle that. I put my faith on them 100%

[@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.

[@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

[@alma09876]

​@@JonsonJaviernot only taxes. Taxes only account for less than 20% of total GDP. Overall contributors to annual GDP are remittances (10%), tourism (15%), export (15%), agriculture (10%), BPO (15%), mining (5%), income tax (2%), other taxes (18%), and other services (10%).

[@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

[@Miss-Cheesecake]

Yes, if we don't have corrupt politicians

[@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

[@mymonster156]

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

[@azlanshah3125]

Philippines big company and top CEO of all the companies have to stop spending to much money on tiara standing and conseantrad on economy Philippines now think are bad your daep will grow high please sean your top manager to Malaysian Indonesia and Thailand Cambodia and bring good idiar don't waste your time from uncle azlan Shah business world alamdullila

[@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.

[@DeborahOlson-g3u]

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.

[@fardst871]

Filipino people start voting for me. We will be able to pay Philippines debt.

[@JosephDabon-m6d]

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

[@gabrielsebastian8184]

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

[@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. 😅

[@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.

[@EckonOmyst-jv1ro]

Can Philippines pay its P15T debt? The short answer is NO.

[@yootoober2009]

the real short answer is NO, you don't understand the concept of National Debt. It is not the same as the 5/6 loan you know very well.

[@mydevices-u6i]

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

[@vicvic4305]

True

[@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.

[@neliobello449]

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

[@scorpio_butuan]

Yes, we can pay that no worries.

[@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"?

[@fardst871]

I’m shocked! I wont say anything about it. Long story short but complicated. Filipino must know who they should vote for president. If they vote for me, I’ll work on paying the debts. I will be taxing all the big corporations. If they corporations refuse to pay, I’ll confiscate their assets. They’ll be charged of corruption and money laundering. My interest is for the smart Filipinos who will vote for me. Though I will need to be Filipino citizen first.

[@lholocohen-xt6mp]

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

[@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

[@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

[@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.

[@n4gauge]

for example even the US has the highest gdp in the world and still has $33 trillion debt and yet most filipino think like this is not normal for countries to have debt

[@tandennis5817]

No worries. Just ask Marcos family to return those billions stolen during his father term or just chargre US a few billions for the use of their bases in Philippines

[@BenjaminJunatas]

Why not Google the yearly national budget of the Philippines during the Marcos admin so that you can have the idea or the answer how much money stole by late President Marcos?

[@gctv4903]

Old issue it was dismissed just look the infra projects

[@carlotristandumelod2223]

Another 5 trillion added to the debt of filipinos because of the maharlika investment of marcos family😅😅😅😅

[@rodrigomina3742]

Only stupid people believe you.😁​@@carlotristandumelod2223

[@NoahVelasco-r5l]

​@@carlotristandumelod2223tumawa Ang utang kasi tamad ka mahilig ka humingi Ng ayuda palibhasa mga manlilimos 😂😆😆😆😆

[@jessier3602]

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

[@khoinguyennguyenthe4738]

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

[@lyrics8386]

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

[@sofroniomesias9192]

As a filipino i am ashamed..................to admit i would rather change nationality

[@JonathanOranio-td6bk]

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

[@francivanirgarcera8213]

I find this informative

[@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...

[@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.

[@gfr549]

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😅

[@RamonBarra-pz6ot]

Yes , but it will take time , not a long time,7 to 10 years because all the resources that will be emerge on this era will be use priority for recovery, for reserve and for macro Business, there must be a lot of buffer to answer the unaticipated problem to arise , this I think one of the solution to give emphasis in this country.

[@Jopie496]

$2,500 USD per person

[@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%.

[@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?

[@Ope-que]

Have you even watched the whole video?

[@sfsastro8697]

China is a debt trap

[@adolphdelatorre3102]

to all malaysians, you can now laugh philippines.

[@victorteo4783]

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

[@maldzmahalko590]

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

[@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.

[@FilipinaVlog-od1et]

Well its PRRD Legacy

[@jayamplayo1630]

Mangmang spotted 😂😂😂

[@nostalgicagamerppsspp7991]

​@@jayamplayo1630lmao dutertard, be like

[@PracticeZero-qy4lz]

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

[@AlnorMalangas]

Philippines became a greatest River of Debts

[@Mr1123581325]

This is a slippery slope. Printing money may help the Gov, but by devaluing the value of money they are effecting wealth distribution - i.e. a tax. Huge tax on its citizens- and particularly unfair to people who lent money to the Gov.

[@peterl545]

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

[@richardliu7499]

It is in PESOS, NOT US Dollars debts. What to be scare off?

[@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.

[@MISHOYO_HP]

Do you even watch Philippines news brother?

[@ilorskie6900]

where did you get that info?show proof dont just to much talk with out basis just her say

[@fernandooba2829]

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

[@jesiemmanuelbuensuceso183]

Sana mapunta sa mga mas nangangailangan. But we know crocodiles are found in the Congress.