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Economics for the Filipino people #PeopleEconomics

🇵🇭 Katılım Ekim 2009
263 Takip Edilen13.9K Takipçiler
IBON Foundation
IBON Foundation@IBONFoundation·
[🧵] Rising debt translates to larger payments, draining public funds that could have been used for urgent relief and much needed social services.
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IBON Foundation
IBON Foundation@IBONFoundation·
[🧵] PBBM has pushed the outstanding debt to a record Php18.5 trillion.
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IBON Foundation
IBON Foundation@IBONFoundation·
The government is for ensuring people's rights and welfare, and equitable wealth distribution, foremost. But the Marcos Jr administration is doing the opposite, aside from just allowing impunity among its ranks. #TaxTheRich #FinanceDevelopment #PeopleEconomics
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IBON Foundation
IBON Foundation@IBONFoundation·
As the political drama unfolds, bigtime foreign plunder of the country's resources continues under Marcos. We're dazzled with talk about billions of dollars in semiconductor and AI investments and exports. But is the Pax Silica hype the same as industrialization?
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IBON Foundation
IBON Foundation@IBONFoundation·
Politicians consumed by self-preservation will only ever just look after themselves.
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IBON Foundation
IBON Foundation@IBONFoundation·
The government cannot claim that it is addressing problems “directly and decisively” when families are forced to pay more for food, transport, electricity, and other essentials as their livelihoods become even more insecure.
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IBON Foundation
IBON Foundation@IBONFoundation·
Without immediate relief, 2-3 million more Filipino families will fall into poverty because of the unmitigated oil shocks.
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IBON Foundation
IBON Foundation@IBONFoundation·
Assistance has also been minimal, ranging from just Php2,300 to Php5,000 per beneficiary. Cutting oil excise and VAT taxes, controlling oil firm overpricing, and declaring a price freeze on basic commodities is the fastest way to give relief to the most number of Filipinos.
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IBON Foundation
IBON Foundation@IBONFoundation·
Rapid inflation, little help for millions of poor and vulnerable PH headline inflation tripled in just two months, from 2.4% in February 2026 to 7.2% in April. But inflation for the bottom 30% more than tripled---from 2.5% in February to 8.5% in April. #
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IBON Foundation
IBON Foundation@IBONFoundation·
The Marcos Jr government is an enabler of US militarism, including the US attack on Iran which has disrupted global oil markets and driven up fuel costs, food prices, and inflation. #StriveForIndependence #BuildFilipino
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