The Philippines national debr has reached 15 trillion pesos! Narrated by Tom McKay Video Edited by iyanbriandi Inquiries: behindasian@gmail.com Brought to you by the Behind Asian Team.
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@BehindAsia2 ай бұрын
Are you afraid the Philippines national debt? Let us know down below!
@CARL_0932 ай бұрын
yes and very worried too if this cannot be handled well it will ended out of control like the inflation
@NeoWish2 ай бұрын
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.
no, collections of tax now gone high far exceeding the target..so, it"s not an issue..
@aesthetica12 ай бұрын
No Its Not much of a Problem People Just dont understand How Debt actually works Cuz they only Think its Bad,
@gelo97602 ай бұрын
Jesus christ , a lot of people in the comment section didn't watch the whole video
@Tompulga12 күн бұрын
Ohhh! Holly Indian Cow!
@medviation2 ай бұрын
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.
@kazegarasu47042 ай бұрын
Oh really.. Why don't you explain it..
@medviation2 ай бұрын
@@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!
@phoenix50542 ай бұрын
@@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-ym7ko2 ай бұрын
And who is paying off the interest? The people
@Kilo19922 ай бұрын
Even us and china has debt. There’s no going around it if the Philippines wants to compete with other emerging economies sadly.
@OldMarius-gn5kk2 ай бұрын
I just hope people should start voting outside of familiar names of the elites.
@DeanMonioАй бұрын
In your dreams...they always fall for the same broken promises
@skyboom1619 күн бұрын
lmao outside?? unknown elected individuals are more corrupt compared to the already known ones since people has expectations towards them
@daneurope91672 ай бұрын
60% ratio gdp is one of the lowest in the world..italy has 160% japan has 200%…malaysia has more debt to gdp ratio..
@stephenwang95672 ай бұрын
All bankrupt deceiving countries
@user-tl4ly1fk2p2 ай бұрын
Malaysia 63%
@cakapcakep2412 ай бұрын
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.
@komeratparewa4002 ай бұрын
Indonesia 39% ratio gdp.
@MrSpeedstar842 ай бұрын
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.
@aloysiusvincentpuansing63832 ай бұрын
Its good to hear the foreign debt is fully covered.
@resurrecciongabriel13252 ай бұрын
Bullshit yan lalaomg naghirap paano nangari
@teatree622817 күн бұрын
????
@bjornjacob97622 ай бұрын
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-wn4uu2 ай бұрын
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
@aaron19832 ай бұрын
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.
@romeobaptista15722 ай бұрын
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.
@yootoober20092 ай бұрын
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-pw4zq2 ай бұрын
Who cares about all this rubbish just pay up usd14 trillion
@seashellbeesaveres79512 ай бұрын
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.
@gctv49032 ай бұрын
All countries has debt,even the rich one it defends how government manage it.
@yootoober20092 ай бұрын
It "depends" on how you "defend" it.
@maldzmahalko5902 ай бұрын
Do you know america is also in huge debt @@yootoober2009
@baldeagledelta34822 ай бұрын
That's what worries me. 😢😢😢
@WisdomLearner2 ай бұрын
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
@chrisc59912 ай бұрын
Because people just react, not knowing the full context
@FREIREN_282 ай бұрын
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.?
@aesthetica12 ай бұрын
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
@yscbruno2 ай бұрын
They just read the title and that's it.
@user-qz4eb5ih3k2 ай бұрын
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-zi7zs7ve1vАй бұрын
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
@stevegochuico70722 ай бұрын
That debt is only 60% of GDP of the Philippines, that's manageable
@ViscountAsmodeus2 ай бұрын
The last time we had 60% in our debt to gdp ration, major fiscal policies were implemented by the Arroyo administration.
@Pejuangilmuislam2 ай бұрын
Only😂
@dickmelsonlupot76972 ай бұрын
@@ViscountAsmodeus yes, but much of that debt back then was foreign. It's different now.
@sam7058Ай бұрын
@@Pejuangilmuislam i mean the us has 136.6% of their gdp's debt. so imagine that.
@JonsonJavier15 күн бұрын
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.
@michaeljohncatubuan92902 ай бұрын
This is educational, good job
@alma098762 ай бұрын
Debt + Inflation = Duterte legacy!
@JDTheKobe242 ай бұрын
no issue coz USA and japan has more debt 😂
@nico772122 ай бұрын
If you asked the financial history of the Philippine, One of the best in Asia = Marcos One of the worst in Asia = Cory kong
@brianchestergamilla53402 ай бұрын
Duterte Legacy
@JDTheKobe242 ай бұрын
@@brianchestergamilla5340 build build build is the best.
@lextan78442 ай бұрын
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.
@jperez78932 ай бұрын
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-jh4cy2 ай бұрын
Damn belt and road projects turned into an heavy ball and chain to Phillipines
@bopian8913Ай бұрын
US regime without the belt and road initiative is suffocating itself to death from its own debt of USD34 trillions.
@yueleong2590Ай бұрын
@@bopian8913 WILL BE 35trillion before year 2024 ends
@architech0215 күн бұрын
@@yueleong2590 It just reached 35 trillion a few days ago
@banned29lean-w5r10 күн бұрын
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.
@lhon2 ай бұрын
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.
@yootoober20092 ай бұрын
BSP
@lhon2 ай бұрын
@@yootoober2009 BSP right sorry my phone auto correct sometimes I did not notice. Tnx sa correction.
@jeunpadilla88252 ай бұрын
No. Credit spurs progress. It can be self liquidating. Used for its purpose it could be paid easily.
@Stephen_Jabs2 ай бұрын
Marcos gold should be able to handle it if Marcos Jr. Will find a way to use it
@red_devil172 ай бұрын
Yes ilabas ang tallano gold 😂
@user-bp5yz3oy3zАй бұрын
Meron din mga ibang bansang may utang sa atin n Hindi pa nbbayaran Nung si FEM pa ang pangulo...
@red_devil17Ай бұрын
@@user-bp5yz3oy3z anong bansa? Saan source mo?
@macolet97112 ай бұрын
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%.
@dickmelsonlupot76972 ай бұрын
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.
@antpoo2 ай бұрын
It’s exactly the same in all countries. It’s all coordinated
@macolet97112 ай бұрын
@@antpoo there are certain control in place in printing money. Countries just dont print money as they please.
@antpoo2 ай бұрын
@@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.
@antpoo2 ай бұрын
@@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.
@monsourtecson45822 ай бұрын
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.
@carlknightcoph94942 ай бұрын
the real question is who is the owner of those money that every country is indebted to
@secretsthatukeepАй бұрын
Subbed. Awesome explanation. Great on breaking down debts and other factors within.
@Always_PistachioАй бұрын
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).
@edzdeguzman612Ай бұрын
It's peso only not dollar.. that is very low compare to other country's with loan...
@LennefalkStudiosАй бұрын
Really interesting, thanks for sharing! 😀
@monsourtecson45822 ай бұрын
Yes, because lendors audit the paying capabilities before borrowing of money took place.
@SdoZachary12 ай бұрын
Repaying money is not the purpose of the lender. When you can't repay your debt, they want to take away your assets cheaply.
@monsourtecson45822 ай бұрын
@@SdoZachary1 It's not gonna happen, constitution got safeguards with it.
@yootoober20092 ай бұрын
except borrowers always lie in their loan application.
@monsourtecson45822 ай бұрын
@@yootoober2009 Fraud analyst cannot be fooled.
@josecorazon.bautista2 ай бұрын
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.
@amparoconsuelo9451Ай бұрын
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.
@jaysantiago5737Ай бұрын
This is a feel good channel....
@jonathangan19872 ай бұрын
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
@caddycheonАй бұрын
But.... borrowing in WB have hidden in between lines agreement and it takes long to process and its approval takes long.
@amparoconsuelo9451Ай бұрын
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.
@gabrielsebastian81847 күн бұрын
Big issue our politicians have to explain to our people on how to pay.
@melvinstarita2 ай бұрын
It's all about ratios.
@mymonster15613 күн бұрын
Just follow what the USA does and you will be fine! Good luck!
@yootoober20092 ай бұрын
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.
@robocop5812 ай бұрын
$17 billion debt requires interest payments. That alone sucks up a lot of taxpayer revenue.
@phoenix50542 ай бұрын
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.
@cuongdo99582 ай бұрын
Marcos laughing to philipino’s faces left the chat.
@BisayangdakoVlogz2 ай бұрын
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
@dickmelsonlupot76972 ай бұрын
@@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.
@gfr9432 ай бұрын
STUPID
@mariojr.44092 ай бұрын
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.
@gamehighlights1012 ай бұрын
bubo mo😅
@neliobello449Ай бұрын
Every president we elect always make a debt. Local filipinos suffered much.
@zenonemariano121411 күн бұрын
bangko sentral ng pilipinas is autonomous. the government cannot force them to print more money as they are in charge to stabilize the currency
@johnrenzescala44202 ай бұрын
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.
@jeomaiduldulao66552 ай бұрын
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-jp2us5vk6t2 ай бұрын
Addict ang predlsidente.....wala sya dapat sa kanyang position.....nambudol.sya kaya nanalo.....dapat na sya ibaba... Bangag, alis dyan....
@red_devil172 ай бұрын
@@jeomaiduldulao6655asa ka pa eh dynasty din marcos you think may babaguhin sila?
@Always_PistachioАй бұрын
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.
@ivanmontanga4870Күн бұрын
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-Cheesecake2 ай бұрын
Yes, if we don't have corrupt politicians
@trebledc4 күн бұрын
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-fl8lb2im8d14 күн бұрын
The politicians don't give a shit as long as it doesn't affect their perks.
@helloworld0402 ай бұрын
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.
@VincentTansoonАй бұрын
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.
@baldeagledelta34822 ай бұрын
Ask BBM, he caused it to happen.
@reyesrhian6872Ай бұрын
Napaka engot ng comment mo. Kakahiya! 😂
@sfsastro869721 күн бұрын
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_HHH17 күн бұрын
Like every country...
@teofilosagarino245925 күн бұрын
Bakit umutang? magkano ba ang kita natin? compara sa utang.
@ARC7IT3CT2 ай бұрын
No worries! 10 Filipino Generations will be paying for them! So the PH Government will keep loaning!
@Josh-jh6no2 ай бұрын
uhoh someone didnt watch the video lol
@NeoWish2 ай бұрын
There is no need to pay debts lol. Its just an imaginary number western fiscal conservatives created.
@454charing2 ай бұрын
And 10 generations will use that debt as infrastructure, tax breaks and other socialized benefits.
@ARC7IT3CT2 ай бұрын
@@Josh-jh6no lol
@MrOraenji2 ай бұрын
Someone who doesn’t understand macroeconomics
@berth181218 күн бұрын
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.
Yes the Philippine Government can print money more because of its Gold reserve in Switzerland the so called Yamashita Gold treasure
@handsam5Ай бұрын
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-qy4lz2 ай бұрын
If we go to BRICS we can pay it little by little
@ramonchristophermanero572 ай бұрын
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. 😅
@ramongabutina801523 күн бұрын
If China & US can do it, Phils can also.
@scorpio_butuan2 ай бұрын
Yes, we can pay that no worries.
@rogerhernandez722214 күн бұрын
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.
@nikkocanzana611318 күн бұрын
Possible, 1 trillion parlay 😎
@asyongmatipid2Ай бұрын
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-kg5uw9yo4m2 ай бұрын
Well. the Philippines needs to start drilling the oil in WPS and mainland gas and other natural resources. The Oil itself worth $26 trillion already. Bigger volume than Saudi Arabia and that can help also paid off everything and could make all citizen out from poverty.
@dickmelsonlupot76972 ай бұрын
That's easier said than done. Off-shore oil mining is one of the most difficult, most complex and most dangerous form of oil extraction. It's not something we can do in just a whim.
@Chingchangchung19892 ай бұрын
Duterte legacy! 👊
@rodenmosqueda69502 ай бұрын
Tagalog taga luzon ka yata😢
@user-vo3fv2er9q2 ай бұрын
It's duterte admin makes the Philippine Dept higher...
@vicvic43052 ай бұрын
True
@francivanirgarcera82132 ай бұрын
I find this informative
@lyrics83862 ай бұрын
Grabe tlga bsp kundi dahil sa kanila matagal na tayong nasa crisis
@brucehetrading2 ай бұрын
Like the USA, they never intended to return it anyway.
@Kilo19922 ай бұрын
I mean other countries can try to get back their money from the US but I doubt they could.
@aubreyrobin2 ай бұрын
At last someone talked about this. Our central.bank won't stop printing money
@yootoober20092 ай бұрын
So,? they do get worn out and become unserviceable.
@aubrey74602 ай бұрын
@@yootoober2009 BSP just prints too much. For reference, in the past 10 years PH central bank increased our money supply by 244%. It's too much compared to other countries which only hand an increase of 60% to 140%.
@victorteo47832 ай бұрын
How can the population of 115 million of Philippines pay the 15 Trillion Peso debt? That is 800+ Billion US$?
@reynaldotaningco485127 күн бұрын
Question is where will you get the money to pay our debts??? How much of the annual budget goes to debt servicing??
@JonsonJavier15 күн бұрын
Taxes
@Tompulga12 күн бұрын
During Pnoy it was 6T, when Duterte seats, became 12T.
@FilipinaVlog-od1etАй бұрын
Well its PRRD Legacy
@jayamplayo163017 күн бұрын
Mangmang spotted 😂😂😂
@chandanabella4265Ай бұрын
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...
@niloantonio3661Ай бұрын
its way less than $1 trillion debt..
@FLO-o3zАй бұрын
Yes
@maldzmahalko5902 ай бұрын
10 trillion debth is money cirulating our economy foriegn debt which is 4 trillion that is out of our economy
@FLO-o3z2 ай бұрын
Yes philippine can pay slowly
@JonathanOranio-td6bk2 ай бұрын
BSP NATIONAL DEBT 10% TITHS 9-1 PHILSA FOUNDATION. San Jonathan
@jun-ih2pgАй бұрын
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
@emersondenado203813 күн бұрын
The question wasn't answered
@khoinguyennguyenthe47382 ай бұрын
255.5B US dollars debt, cover 1/3 of the Filipino economy
@peterl545Ай бұрын
Debt to GDP ration is 60%. I would say, EASILY.
@fernandooba28292 ай бұрын
If theres a will..theres a way...the X factor!
@PinkyyyBoy-be5cw2 ай бұрын
Debt trap ?
@katykitty64572 ай бұрын
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 😂😂 😂
@manolojimenez49702 ай бұрын
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"?
@pauljoseph308116 күн бұрын
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.
@laichuonkui69Ай бұрын
Marcos can overcome this, if he can have some pocket money.
@user-nr1gg4lw5i2 ай бұрын
donot you worry coz you will not pay it!😃🇵🇭🇵🇭🇵🇭🇵🇭
@lholocohen-xt6mpАй бұрын
Why should i? Of course not! Im rather be afraid of the climate change. Floods, heatwave etc etc.
@ThelmaVicente-xp6vs29 күн бұрын
Where did this money goes????
@testaccount23192 ай бұрын
10USD/day minimum wage. Congratulations! Citizens go abroad to get job.
@fortbarrera89252 ай бұрын
" THE PHILIPPINES CAN ALWAYS AFFORD TO PAY ' NOT ONLY WE HAVE A WORD OF HONOR , BUT WE ARE A GOOD, HONEST, & TRUSTED CREDITOR
@romero4242 ай бұрын
Pharmally and tong Ats of Dutaes
@gogofmagog2382Ай бұрын
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.
@ThinkTalkListen2 ай бұрын
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?
@gelo97602 ай бұрын
Have you even watched the whole video?
@sfsastro869721 күн бұрын
China is a debt trap
@MrYevelnad2 ай бұрын
As long as we have OFW, we still have tonnes of US dollar reserves.
@JonsonJavier15 күн бұрын
We have declining US dollar reserves because we are importing more than what we export. We have trade deficit.
@CARL_0932 ай бұрын
if this goes on it will ended out of control The WHOLE FILIPINOS WILL SUFFER FOR IT
@carlotristandumelod22232 ай бұрын
At the end of 2028 the debt of philippines will be at the worst ever because of one family only😅😅😅😅poor
@yootoober20092 ай бұрын
@@carlotristandumelod2223 are you 10years old?
@carlotristandumelod22232 ай бұрын
@@yootoober2009 are you bangag?nakadrugs ka nanaman ba?magbago na po kayo alang alang sa bansa natin
@shiroyuki_2 ай бұрын
aint gon lie bro ur brain might be smoother than a cold jello
@user-qz4eb5ih3k2 ай бұрын
Nakita nyo na katulad nito,SLOW sila sa understanding
@Doraemon691682 ай бұрын
Need not worry.. Your sugar daddy is behind you 😂😂
@user-mb9cy5hf3r2 ай бұрын
Kaya po bayaran yan yun west philippine seas kailangan matayuan ng oil gas plant
@amparoconsuelo9451Ай бұрын
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.