Mirror, mirror on the wall. Who’s the richest of them all?
Can you believe this?! Our country’s debt is now a whopping P4.4 trillion! And there is not even a decent expressway that spans from south of Manila all the way to Matnog, Sorsogon. All we hear are Nograles unexplained wealth, Arroyo’s sons unexplained wealth and more! The article said:
“All borrowings under President Arroyo’s term–that racked up the country’s outstanding debt to a whopping P4.2 trillion as of 2008 from only P2.2 trillion in 2000–were necessary, her economic managers argue, amid accusations the President was responsible for the country’s deepening financial woes.”
The question now is: Where did all the debt go?
I think the question is wrong. It should be: Who’s the richest of them all now?
Read the rest of the article here: Where did RP debt go?
Related articles:
1.) Debt burden to cramp Noynoy from delivering promises –experts
2.) Gov’t debt hits P4.4-T in January
3.) Lower RP debt: Truth or spin?
Viewed 19168 times by 3763 viewers
reynz is one Uragon and a Filipino-American, has many years of public accounting & auditing, broadcast investments, housing tax credits and equity investments as his background. Based in the US, he maintains his personal and humor blog at reyna elena dot com. A graduate of Aquinas U, he went to GWU and Temple U in the United States.
ey renyz, you might want to add other sources if you can along with this article if you happen to find some other info along the way.. as most anti-P.Noy are not really a fan of ABSCBN and Inquirer..
ok. if i find some
PGMA advertisement now is all about great highways, great bridges, great RORO, but they forgot greatest debt (highest), great human rights violations, greatest liars (hello garci), greatest pakipkip (Among Ed of Pampangga half million give away from Malakanyang) greatest environmental destruction due to kapabayaan like Ondoy, etc.
One sided ang propaganda ni PGMA. Salamat at papaalis na siya.
para nga syang north korean propaganda, me mga float pa. visuals. kulang na lang pagkalaki-laking TV and powerpoint presentation. only the good. wala siempreng negative. kaya namang ipakita with all the nakaw monies.
Reynz:
Try the World Bank.
There are some stats in the following blog:
http://www.frauslatet.blogspot.com/
It was written during the campaign period, and is about Erap v Gloria. But at the bottom, there is written, how to get excel downloads of WB data.