How Debt is Making The Philippines Rich
ฝัง
- เผยแพร่เมื่อ 2 ส.ค. 2024
- Debt is often mistreated as a notorious scheme. However, we often forget about the fact that it is responsible for many of a country's growth.
Narrated by Tom Mckay
Video Edited by iyanbriandi
Timestamp(s):
0:00 Leveraging Debt
1:53 The Debt Impact
4:34 The Debt Fear
7:54 The Debt Growth
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Brought to you by the Behind Asian Team.
The fear of debt is often due to mismanagement and corruption. However, as times have changes, do you think it now stands as a beneficiary for the Philippines? Let us know down below!
I don't think so. Mismanagement and corruption is still a problem. It'll be good if we can pay off past debt and get better credit rating. It all depends on the economic managers, and where they put the money.
Hell no. corona debt went to funding the ex president's daughter's vice presidency campaign
rich dad and poor dad. read that book and you will know how debt work
"Good Debt is used to buy assets, puts money into your pockets and makes you rich."
-- Robert Kiyosaki
@@dionysianapollomarx depends what you do with the loan.... just like a person, if you use to buy a house, or you spend it on Poker in Vegas.
Because of our history, we Filipinos don't like debt, but due to the pandemic, our government needed to borrow money to keep our economy generating. In the midst of the pandemic, our government became busy building a lot of infrastructure, giving a lot of jobs, and saving a lot of people from being jobless. The COVID hit us hard, but thanks to good governance, they did so well. Of course, corruption cannot be avoided in any government, but there have been significant improvements in governance in the Philippines... There are so many projects everywhere, and I think all these projects are created too, not just to help or ease the burden of Filipinos but to generate big income or tax for the government of the Philippines . For example, the subway in capital areas allows thousands of people to pass through or travel every day in these particular areas in shorter times, not including those from the provinces who travel to the capital city, so the government is not just creating projects but following blueprints of a plan that can lead or help the country economically.
Except a lot of that pandemic Ioans were stolen.
@@rspcoach619 receipt???
@@rspcoach619 to much hate bruh?
@@rspcoach619 d mo binasa ng maayos
@@VidTankTV Binasa? Ng isang inutil at mangmang ba pareho mo. Nagbubulagan sa dami ng koruptsyon at nakawan. GTFOH! 😅🤣😂
Debt is a debt.. both good and bad, it all depends on how the borrower/gov't leverage it or put 'debt' in good use :)
You obviously NOT an economist? 🤡
And when did I told you that I AM an economist? Hello!! 🤣
Debt is always bad, it is never good to have debt.
@@bonkersblock when did he proclaim that he's an economist? 🤷♂️ dumb moments
Debt is not necessarily bad
Debt is one of the best tools to stimulate economic growth
It's about us Filipino! We have the powers to help our country, every project of the government will benefits our future if we correct our way of living and help one another. Don't tolerate scamming and stealing, teach our kids better understanding of good living and keep them safe and smart so everyone will rise as our country.
Even if there is good president or mayor it doesn't necessarily mean those lesser gov Official's not to be corrupt
That's absolute bullshit. You're acting like the government can't have fraudulent loans and white elephant projects. Look how much of the streets are build and destroyed and rebuilt. It's a scam. From BBB to simple infrastructure projects, if the government is corrupt they'll just use projects to pull out tax payer's money to build substandard roads and buildings and line their pockets with rest. Don't be so naive. This is why the Philippines will never get anywhere. It's filled with idiots like you who believe in the same bullshit sold to you by these shady politicians.
@@Kurame13c Tama basta Government worker ka na nasa LGU sector wag kang corrupt tapos tigilan na ang backer system at regalo na inaasahan maya maya. Wag din dapat tamad at mag CP sa loob ng workhours mo doon ka lang mag cp kung break time mo. Tang Ina talaga mga tamad na gawain ng mga pinoy.
You're rich. Rich of debt.
@@larber4752 😂
The secret is why Philippines is one of the growing country in Asia because majority of Pilipinos do not deposit money in banks. They get money abroad just to buys cars, houses in the Phils. Such culture has lead to economic progress because the revenue collection goes directly to business sector rather to the bank.
So bank is not so good to economic growth? Pls explain? Im dumb pls
@@Kurame13c same, im lowkey curious.
What hes trying to say is that, large portion of foreign currency are circulating in philippine economy. Which means, majority of filipinos has a high spending capability further stimulating local economy and allows the country to do business well in foreign countries as the country have sustainable foreign reserves to fund imports activity.
@@Kurame13c depositing to banks only generate miniscule growth as the money is only used to invest and trade internationally (that's why even though your money is just lying inside your account it still generates interest) while using the money to purchase various needs and services directly stimulates the economy due to widespread circulation of currency
In simpler terms, pera na instead ipunin mo ay binili mo ng pagkain, napunta sa tindahan at in turn yung tindahan bibili ng stock sa malalaking tindahan and it generates a snowball effect where yung malaking tindahan ay bumili sa distributor ->factory ->subcontractors -> raw material provider= spending power of workers, repeat
Bullshit .. They buy impots because ilippinos ceate nothing o value
Please ban comment bots, thank you. Great video.
Because of the 1986 event, many of the infrastructure that was supposed to drive economic growth was halted. It was the year where we were supposed to open the bataan nuclear plant and announce to the world for foreign direct investments to put shop in the country.
20 years in power and end up in blah blah blah...anong ginawa nya sa 20 years?
@@Ai-vq8rj true
@@Ai-vq8rj
-Philippine Heart Center
-Lung Center of the Philippines
-National Kidney and Transplant Institute
-Philippine Children's Medical Center
-Cultural Center of the Philippines
-Folk Arts Theater
-Philippine International Convention Center
-The National Arts Center
-Nayong Pilipino
-The People's Park in the Sky
-Augus 2 Hydro Electric Power Plant
-Agus 4 Hydro Electric Power Plant
-Agus 5 Hydro Electric Power Plant
-Agus 6 Hydro Electric Power Plant
-Agus 7 Hydro Electric Power Plant
-Angat Hydro Electric Power Plant
-Angat Hydro Electric Power Plant
-Bataan Nuclear Power Plant
-Calaca Coal Power Plant
-Cebu Thermal Power Plant
-Kalayaan Hydro Electric Power Plant
-Leyte Geothermal Power Plant
-Magat A Hydro Electric Power Plant
-Magat B Hydro Electric Power Plant
-Main Magat Hydro Electric Power Plant
-Makiling-Banahaw Geothermal Power Plant
-Masiway Hydro Electric Power Plant
-Palinpinon 1 Southern Negros Geothermal production Field
-Pantabangan Hydro Electric Power Plant
-Tiwi Geothermal Power Plant
-Pulangi Hydro Electric Power Plant and various road and bridge infrastructures, most notably The San Juanico Bridge.
@@russeldarunday1847 lols..kahit hindi siya ang presidente itatayo parin ang mga yan dahil nakaplano na yan bago pa siya maging presidente...
@@russeldarunday1847 if all of these projects were not halted, by now we would be the first Asian Country to generate so much energy that other neighboring countries would be buying Energy from us.
People should see this
Especially those who are so fixated on debts and anti-government
Without a doubt, subway train will generate too much income due to humongous population and labor force in Metro Manila.
the good thing that is happening now is that we feel and see with our own eyes the changes promised by the previous government. we are now using modern infrastructure like world class airports, bridges, and roads.. the beauty of it is that we can sleep deeply because we know that a large part of the money spent on modern infrastructure did not come from loans from foreign countries.. go Philippines..!
Always a good sign when the common person feels the changes the government is striving for.
Lol! Those are loans from the Chinese which mean we borrow the money from the Chinese, they hire their own contractors to build it (Which means no Filipinos jobs and no income tax for the government) and then when everything is said and done there will be no way we can pay for the trillions borrowed + interests and the Chinese can just sequester their investments and operate it and take all the profits. It's called an economic assassination. It's happened in parts of Africa and recently Sri Lanka. And Philippines is headed in the same direction.
We're striving, God bless our Country 🇵🇭
trabaho besss
the projects that were built using the borrowed money are supposed to be generating money for the government but instead, the past administrations either stopped, paused, or abandon these projects and some became private, and now corruption runs through Philippine Politician's Blood and I wish it will stop soon enough or at least be minimized and corrupted politicians should be banned from their position and cannot go back to their position if caught, and I think they should focus more on fighting corruption instead.
how about stop voting them.!
the biggest question is "are those infrastractures that is thought to be used to generate income, actually generate income?"
It does, trains have tickets to buy before you can ride it so does skyways and expressways. Indirectly, businesses sprout in places where there are new highways and train stations. It also drives the cost of lands up and hence higher property and transfer taxes. It creates jobs and when there are jobs, people have money to spend and when there's money to spend, it stumulates economic activities and so it creates growth. For every one peso spent in public infrastructure, it has multiplier effect of 3 meaning it adds to the GDP 3x. It's the same strategy used by the father of modern economics in america when US experienced the great depression.
Yes It is. As you can see Duterte remain 86percent in favor of majority trust.
Infrastructures don't really generate income. Unless infrastructure owner charged them for usage. But if your customers are dirt poor then you have nothing to earn.
@@silentwatcher1455 the most s2pid comment i ever read. Pity on you
@@silentwatcher1455 that's why you must not grow old poor. You must work ,strive, make a business and marry a clever woman.
After yese 2020, corona pandemic, almost all countries are having huge debt.
BecUse they just print money.
Yeah almost every country has a huge amount of debt ( just don't borrow from china )
Debt is good if you invest it like buying properties or land 5-10yrs later the price of your land will be triple or do capital to business. Debt is bad kung ibibili ng luho or buying liabilities
Be mindful that the coming days will be a debt free Philippines with enough surplus to help other countries all over the world.
You dream too much. Philippine the pariah of Asia since th 70's.
Agree, just let them be surprise
@@yesthere5418 mostly loans came fr ADB.asian development bank founded by marcos.debt is only a piece of cake.watch out phil.when gold standard is back
25% of working age Filipinos are overseas. Thats 10 million people, the highest proportion of any country. The economy of the Philippines depend on their remittances, not on local industries. Whatever “debt” the country has doesnt matter. What matters is the economy of the US, Europe, and how much money these nurses and caregivers can send home.
You are right ... PH has no huge business even no more multi national companies as many asian countries has... Entire PH economy just runs on remitances otherwise there is no local source of income genaration in PH all the companist there in business districts are all foreign companies... And if talk about SM or jolibbe then they are only mall and food companies there is no technology involved to export
Filipinos should set their priorities straight everytime during election. Y'all should be demanding jobs instead of paying attention to their drama. Yes, we are all educated but then WHERE and WHAT are you going to work to make a living once school is over?
Debt is good if it is used in infrastructures such as bridges and roads to hasten economic activities and job creations. Revenues of the gov't and private sectors will eventually increase substantially. However, must watch or be alert of wastage of this resources due to corruptions and mismanagement.
Sana maubos na ang korap na official dito sa pilipinas,unahin naman nila paunladin at mabawasan ang poverty at dumami ang trabaho,napapaghulihan na tayo ng ibang bansa,sana talaga tuloy tuloy na lalot nasimulan na ni prrd ,and now pbbm , godbless Philippines ❤️🇵🇭🙏
We need to borrow money to sustain our growth: infrastructure, health, agriculture need…..a seed to help us grow. Even OPEC countries borrow money to sustain their need.
Public infrastructures are, by itself, not income generating. Those are supposedly funded by public money and should be free to use by the public. If the government should borrow foreign money for its construction, payments should be sourced from our accumulated foreign reserves instead of from toll fees and other income generating schemes from those public infrastructures.
Many people confuse about goverment debt and foreign debt
Forgotten in this video is the debt burden for the 2023 budget, ₱1.6T of ₱5.26 budget. 1/3 of budget doesn't benefit the people. Finance dept countered that "initial amortization" of debt isn't counted as debt servicing. In any case, it's still debt payment in whatever accounting magic.
New Clark City is the Philippines white elephant project... just like Sri Lanka's Lotus tower.
its not white elephant when private investments are coming...the same thing happen to BGC
@@Ai-vq8rj All I see there are roads and an unused sports complex with a cost of tens of billions. What separates it from the Mahinda Rajapaksa International Stadium the Sri Lankans made? With a world food crisis on the horizon and the philippines being food insecure its obvious to me, new clark city was malinvestment. Should have used those billions for farming and food security. At least you have the right president for the job, he chose to head the dep of ag day one. He understands the dire situation.
@@fanglethorpe what you see is not whats happening in the ground...remember 20 years ago BGC was an open field...NCC is not a stadium, it is a mixed use development with private and public tennants.it is not just a government project, private companies are also building their properties within the NCC. The sports complex is just a small part of it. They are still finalizing the masterplan of the project.comment later after 20 years.
I think you need to account Filipinos' attitudes on dept and utang and even utang na loob to explain why they are afraid of dept
Because debt is bad. Once you have it, it is hard to get rid off. Pautang ka sa mga kakilala mo and see what happens because for them utang is good but the responsibility of repayments that comes with it is the most crucial hard things to do, and most people doesn't have it.
Filipino? Afraid of debt?? No way, mahilig Pinoy umutang sa bumbay. 5-6 with high interest they don't even care....
Eh kung pambili ng iphone yung uutangin o luho. Talgang debt is bad
@@kealeradecal6091 I hate utang talaga. nakabili ako ng ipad dahil need sa school
inipon ko ang 3 months kong salary ng pa unti unti
Philippines will be one of the richest country in few years time
Richest in the world?
@@PemadamGergasi yes we have tallao gold 🤣🤣
@jana catudan yes ikaw ng aking pangarap
Yes! Richest in the World🙏🤣🤣
True, Philippines has more gold, more than you think of
Sample project without any benefit at all is Expo in Clark. Barely used during its time.
Most people in PH are ignorant of this fact. When they hear DEBT, it's always a bad thing. They'd rather run their mouths instead of trying to know the benefits of such. They didn't know that most of the amenities they enjoy until today came/funded from these so called DEBT.
Luckily, we have another Marcos for President. Hopefully, he will continue what his late father did good.
Agreed, not to judge but most of Ignorant Filipino people are in the less educated sector which is easier to manipulate them in joining in protests against the government.
Also, the fact that local media is afraid of "Chinese debt trap" I'm pretty sure the Chinese debt trap is purely political term against China and the truth is we owe Japan more than China.
Debt creates money. Everytime you borrow money you create new money thats why the central bank always adjust the interest rate to control the supply and demand of money and spending habits.
I bet you a lot more Filipinos are ignorant about this topic and will keep saying debt is evil
This is the reason why we need to include financial literacy in our education system..our beliefs about debt is already obsolete...
@@laonchannel5924 you know our financial industry is the largest industry and we should keep developing it by doing what you have said.
You forgot that you are in Philippines... The govt. take advantage about the debt.
Government debt is bad. A debt that is handled by wise and smart investor is good. Government debt always fall in politics not reality. If you think government debt is good, then how in the world people are paying more for their money and getting less of the price?
@@codelessunlimited7701 if all government debt falls on politician's pocket, then there will be NO infrastructure projects. In reality we see a lot of infrastructures being built all over the country yet you refuse to believe the existence of all of these tangible evidence simply because it defies your political views and doesn't suit your anti government narrative.
revenue are from three factors. movement of people, and movement of cargo, and goods. and movement of informations and data. that three will earn an income.
Sadly... This won't be ending ANYtime soon.
Actually, the more alarming situation is Japan and Singapore's indebtedness. These two countries' debt is even bigger than their economies. The Philippines had major banking and structural reforms that started with Cory and debt was well managed which enabled it to repay and bring down the debt to GDP ratio to 41% before Duterte came to power. Credit rating also went up several notches which helped reduce borrowing cost. It became more prosperous due to outsourcing and remittances which are major sources of foreign exchange. For the Philippines to really reach it's potential foreign investment restrictions should be removed from the constitution, there should be divorce and laws to put father's in jail if they fail to support their family. This will help cut population growth so the economy and resources can catch up without incurring too much debt.
Let's petition China to make the Philippines part of China. We can still have the Filipino Hispanized culture & just replace English with Mandarin. One country, many cultures. China already has a more modern infrastructure than the US, & It will surely develop the Philippines so well just to spite the US.
Pinoys are tired of democracy & poverty, China will be the magic wand to develop the Philippines. Already, 80% of the Philippine econony is controlled by Chinoys, why not make things official so China can develop our physical infrastructures
there will be GREATER Philippine pride under China once China develop the infra of the Philippines to spite the US. As it is, Filipinos have NO PRIDE under democracy & poverty.
@@milomilo417 Nope. China is also heavily indebted and millions of their own citizens are fleeing to Democratic countries. If the reforms are right we don't need to stick with a particular country to help boost our economy. In principle citizens of every country that allows Filipinos to buy land or invest in their own countries should get reciprocal treatment. The last thing we want is for one country to dominate commerce in our own backyard. Local bigwigs are way too greedy which is why prices in the Philippines particularly real estate and utilities are way too high relative to local incomes and why Pinoys have one of the lowest purchasing powers in the world. Millions of them leave the country coz wages are just too low.
from taxes... we have revenue in vat alone and personal/corporate taxes.
Politicians hope you watch this.Magkaroon na Sana Ng malasakit ang ating MGA politico.Nalampassn na Tayo Ng Indonesia Vietnam malalampasan pa ata Tayo Ng mynmar at Bangladesh
Debt is good when used wisely.
Digitize, digitize, digitize… can. To be bought, can not be corrupted, must have other parties check their corruptions. Independent agencies to investigate.
When we talk about corruption, there is no other country in the world equal to China. That is why China does not include the Philippines (thank God) in their Belt and Road projects. The more educated Philippines refuses their terms of loans and only allowed them in token projects under Philippine terms.
You're funny. The Philippines is foolish in hemming and hawing about having BRI projects, it will be left behind further more by its neighbors (Indonesia, Vietnam, malaysia, Thailand) who are very excited working with China's BRI. Why don't you do research about the projects being built or have been built in our neighbors with the BRI? Also try to view some videos of Deborah Brautigam who did an in-depth study and research of China in africa, debt trap, or BRI projects. She and her organization actually have a database of every chinese company involved in the BRI and investigated each of them. You've been reading anti-China propaganda from the western media who've been rehashing each othere's rports written in the comfort of their office in the US and have never been to China nor did an actual research.
@@rap3208 , your Chinese Propaganda has totally lost its credibility for a few years now. We can see the previous Malaysian PM in jail because of his railroad dealings with your China and that fancy real estate island project next to Singapore which no one occupies. Then there is this questionable canal project with Thailand to bypass the Malaya/Singapore strait and that ridiculous movement of the Indonesia capital to Celebes which Japan and others ignored. Anything China touches turns to sh*t.
@@leapdrive If the malaysian official is corrupt, you blame the chinese? And what is the questionable canal project? It is a proposed project by the thais itself. They are still talking about it and no, they don't even know who'll end up doing it if ever they proceed with it. Could you tell us what China has to do with it?
Read what is happening in the world, from latin america, central asia, southeast asia, africa and eastern europe, infrastructures are being built by the chinese. They have over 2,000+ projects approved for the BRI so far all over the world.Maybe you don't know that as of last August, 149 nations out of the 192 nations in the world signed up with the BRI. I'm telling you, the Philippines is foolish being emotional and irrational when it comes to the chinese - the Philipines is being left out. Even you, if your ilk prevails in the Philippines, it is going to be your fault.
Your stance is coming out of ignorance, educate yourself and don't just read western media - it is IMPOSSIBLE to find a single favorable report about the chinese from them.
Luckily, im seeing a lot of news of fund cancellation from china in the last few months
You must be living under the rock then. There are various construction projects funded by China through belt and road initiatives already. Some are in progress, some are already completed. One example is the New Clark City.
A lot of the commenters here are all experts, ya'll should run the country.
SLMT for this ✔️
The debt covers health care ,health insurances are supposed to be started cuz if groups contribute like a paluwagan mainly for health savings.
It would be a savings for doctors visits,emergency care, hospitalization and medications
phil debt..use in an income generating project ..so there is no.problem.for payment like subway railroad.
Philippines
Yes it's true.philippined must strive to eliminate corruption to it's infra projects for good to the nation and Filipinos
PHILIPPINES 🇵🇭 PHILIPPINES
Sa ikauunlad ng bayan, disiplina ang kailangan.
BA shd compare with singapore where foreign debt are about 450% of GDP
If i may, by analogy.. kung barado ang ugat mo sa puso meron mataas ang probability of Death. Kaya kung barado at mahirap dumaloy ang dugo, by pass, angioplasty, or natural growth of collateral arteries..mahal lahat un except for the latter. King di gagawan ng paraan, patay ka..If wala ka pera, uutang ka para mabuhay.. para bumalik ang lakas at makabalik trabaho and magbayad ng utang. Kung kulang ang dugo na dadaloy para mabuhay, bibili ka kung meron pera kung uutang, para mabuhay.. basic law of Nature .. di naman cguro magpapautang kung tagilid ang debt to ratio or walang plan paano babayaran . My 2 cents lang po yan
I think we need to paraphrase the title into "How Filipinos' debt is making the Oligarchs and elites rich in the Philippines".
Debt is good if used to generate money from a business but bad if used to buy liabilities items that will not generate income & profit.
Rich people use bank's money to put up new business. They do not use their own money.
Most people afraid with debt/loans are the ones who are not knowledgeable in making money
They are the ones who borrows money just to pay another debt.
Most millionaires use other peoples money to make money, it only works if you have discipline and recognize that it's an investment not for shopping
What ever thier decission...we suport only..if they think this is better..go.......build build program is making more job in the pilppines..we just trust the process..all country should barrow for the development of country.....god bless us all
Do never tell a Filipino that having debts is a good thing.
Well most Filipinos have debt in order to finance and education or having debt in order to get the latest gadgets around. Meaning business minded people use debt inorder to start up a business.
Well maybe we just need to think more critically instead of thinking "dEbT bAd"
@@idkwhatnameishoulduse301 There's no notions of critical thinking in the Filipino culture. The country would be much more civilized if that would be the case.
Philippines borrow money while keeping a tons of gold not only in Central Bank, IMF and many banks around the world....
That’s true .
Debt is good for growth investment using it wisely can be reversible…
Do not be afraid of debt,rather be afraid of death,because the dead can not pay his debt😂
You sounds like you never heard of debt inheritance.
@@codelessunlimited7701 I think he's joking
When Debt be half of GDP life be more expensive be caution
Dirty money is corrupting their next generation, no good. Money can't buy everything. Filipino you got to end their corruption thinking. I love the Filipino.
Transparency and background check to all politician
Ang tanong, may improvement ba PH standing sa corruption index?
Corruption index is subjective. Some countries might be very corrupt but since no media is reporting it, then does it mean that there is no corruption? Countries with very free media like the Philippines are at a disadvantage when it comes to perception of corruption.
Makinig ka kay Ben diokno, "we are in a better position now than before" okay? Wag puro nega 🤬
Political Corruptions and corrupt Oligarch are the big plaque in the Philippines. Behind Asia is absolutely correct.
The government already borrowed money to funds some complex infrastructures aka BBB thus adding to the trillion pesos national debt. This is a good debt I assumed if it was allocated properly. But still it is still a mystery that a government must borrow foreign funds, it only means no surplus funds. When plandemic happened, the government forced the economy to shutdown because of scamdemic no money for the government revenues. The government has to borrow foreign money because what they take from the taxpayers money are direct to the public funds, excluding loans that were directed to complex projects. All the BBB projects would really help out the economy and the people benefit it. But the reality is the national debt is now hitting almost ₱15T dollar, adds up to taxpayers burdens and future generations. The fiscal and the trade deficits has been increasing dramatically and the government hasn't done to allow foreign capitals in the economy to stimulate and create jobs. Also, the government does not create jobs, they create jobs through taxpayers this is not a productive economy, if taxpayers has to carry the burdens of so called "government subsidized jobs."
15 trillion dollars debt? fake news. 13 trillion PESOS NOT DOLLAR.
@@moymoythehappymonkey3155 What's the difference, if it's ₱10, ₱13, ₱15, ₱20 trillion pesos in debt. What matter here is the surging national debt of the country.
@@codelessunlimited7701 GDP is also increasing, so what's the point? As long as the debt to GDP ratio has maintained or near the 60 percent threshold then it's not alarming.
Two kind of dept the good dept and the bad dept
Nakakalula nman mga pera.mabubuhay pa kaya ako nyan pag nahawakan ko na.
Only the rich are getting richer
Ofw are so intelligent. They get money abroad to make country wealthy
Panahon talaga nang mga aquino tayo naghihirap. Nung panahon na ng duterte at ngayun ni maros umaangat na ulit tayo kahit may pandemic. Tumaas man inflation natin di naman ganun kalakai gaya ng iba at umaangat parin gdp natin kahit pandemic at inflation.
The Philippines Banks charges 20-30% for car loan, how does this fit in?
God umiiyak puso ko makarinig ng billion trillion money.not expected.what u done.
Give top 10 debt in the world
Excellent reporting on how debt is a crucial factor on the growth of one nation. Many of my fellow Filipinos or should I say majority of them has no idea that USA and China has big debts for their respective country while they think that they are rich with little amount of debt. And politizing the increase debt of our country during PRRD's term and this current one.
Hahaiz kung may mga Pinoy na dilawan na mag rereply sa akin aral-aral muna o initindihin masyado itong video para naman mayroon lamang yang mga kokote niyong bias! At para naman may laman yang eh argumento nyo sa reply sa akin para maganahan ako mag reply, para may sense na discourso natin.
Debts it's good for the lender.
If debt were used as intended the debt to gdp ratio could have been the same since loans translated to economic growth
But reality is debt was used in preparation for the 2022 election
Speculation!
PHILIPPINES IS VERY SMALL DEBT FROM FOREIGN COUNTRY. THEY ARE GOING TO PAY VERY EASY THAT COST. WE HAVE ABUNDANT
OF GOLD AND OIL, DEUTERIUM, PLATINIUM. AND MANY THINGS MORE
THAN ANY NATIONS. WE HELP EUROPEAN IN HISTORY FROM DEPRESSIONS OF WAR AND HUNGER AND MANY RDFUGEES FROM WAR
IT WAS ONE OF THE VERY GENEROUS NATION IN HISTORY.
Road to prosperity, do not do debt trap like, srilanka did with china
there is good and bad debt.
its simolistic to just look at debt as debt per see, you need to look at why the country is incurring the debt. In the DU30 administration, he doubled the cpuntry’s debt, abd this was driven by borrowing more than he needed!!! To a point that the country now pays debt with additional debt for expenditures that aren’t there! Thats why it is politicized.
Pinoy dont worried. Send pinoy workers to overseas. They will bring back home along billion usd
Gusto ko na makakita ng madami pera.medicine for soul.God show me money billion trillion in real.
You are filipino?
How come the GDP per capita hasn't improved for decades if phils is rich????
MAKE THE PHILIPPINES GREAT AGAIN ❤
You're delusional when you continue to elect criminally corrupt politicians.
When the last time philipines great?
@@PemadamGergasi since its independence
@@darwineligio1931 correct Bro. Greetings from Indonesia
@@livingwater888 I have game friends there bro. Somewhere from island of indonesia
Reading The Comments leave me feel so cringe 😱. PS I am a Filipino, reading your comments is so cringe. Please watch the Video before leaving a comment.
Please guys don't be so cringe.
Not well researched. Why? When will Phil Gov't start paying loans from Japan? What % interest? How much of the budget goes to corruption? Plans to mitigate?
The title must be How debt is making the Philippine's politicians rich.
Cant the country run by using its own money
From slaves to kings, the Philippines is rising and will be like Israel in the time of King Solomon 👑
that maybe not possible if we are in the last days... the Lord Jesus shall return after the 7 years of tribulation and Reighn for 1000 years... Philippines on the other hand has a lot of Christian meaning true believer... might going to be one of the rich country by that time.
Because of Marcos propaganda, you believe in that kind of crap and shit😂😂😂
Amazing Philippines!!! :)
#LabanPilipinas
#TeamPayaman
Israel don't let his citizen eat pagpag. 😗
@@vandeseroy3266 israel kill kristians
The peso is weak coz of ph debt.
Philippines gold of marcoses will taking care he has 170 banks account
bro what💀
I think in the total of $400 billion only $200 billion or less goes to the Philippines from the span of more than 30yrs after the marcoses the rest went to the pockets of politicians & government officials... Less corruption on PDUTERTE.
India gave cradit line to Philippines
A considerable part of Philippine debts, local or foreign, goes to corruption. That seems to be SOP in the government.
During the past 30 years from Aquino to Aquino our debt has been accumulating and no long term planning. No big ticket infrastructure projects. Debt went to waste and pocketed politicians. Money was spent to insignificant projects. Just lately under duterte that we experienced again the golden years of infrastructure. This is the only country that railways was never improved. Debt spent on Infra can rebuild our country and accelerate growth.
Tell this to the poor in the Philippines.
The biggest mall to rise soon will be "SM BOHOL"!
World Peace Republic of the Philippines. Biblia 4
Fear of debt in the Philippines? You’re right, primarily due to political corruption, particularly during the Marcos years, when loans went mostly to prestige projects and to cronies’ corporations that went bankrupt by the 1980’s leading to the Central Bank of the Philippines going bankrupt, necessitating the post-Marcos administrations to sell Govt assets to pay for Re-negotiated debts. Fix corruption before diving into debt.
IT IS NOT DEBT..... IT IS THE INTEREST OF MARCOS GOLD......
Exactly😅👏👏👏