P 8.6 trillion national government debt by April 2020—how are we going to pay for all of these debts?

From March 14 to June 4 this year, based on research group IBON’s monitoring, the Duterte government has already obtained foreign commitments of US$3.95 billion in loans, US$17.3 million in grants, and US$5 million in technical assistance (TA) – all for addressing the COVID-19 pandemic. The Philippine-headquartered Asian Development Bank (ADB) accounts for US$2.1 billion […]

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