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Fetalvero: Connecting the debt dots


SunStar
+
March 14, 2021
PHILIPPINE senator and actor Bong Revilla’s admission that he shivered during his kissing scene with Sanya Lopez in the taping of upcoming teleserye “Agimat Ng Agila” was insensitive.
I expected the senator/actor to discuss how to stop the speed of the transmission of the virus, and how to improve our economy amid the country’s indebtedness.
The Philippines’ total indebtedness has amounted to P641 billion payable until 2049. Four Presidents will face the consequence of such huge debt. We pray that there will be no more pandemics to come.
Finance Secretary Carlos Dominguez revealed this during the First Manila Forum for China-Philippines Relations held early this month. He likewise disclosed that our country borrowed for vaccine procurement P62.5 billion from multilateral financing institutions including the Asian Development Bank, the China-led Asian Infrastructure Investment Bank and The World Bank. ....

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