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National Situation

National Situation. IBON Foundation, Inc. September 14, 2005 LOURDES SCHOOL OF MANDALUYONG. Weak Economy, Embattled Presidency. The economy is on a roll !. Growth?. 6.1 % economic growth Fastest growth in over a decade. What Growth?. GDP 4.74 % GNP 4.59 % Selected Industry Sectors

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National Situation

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  1. NationalSituation IBON Foundation, Inc. September 14, 2005 LOURDES SCHOOL OF MANDALUYONG

  2. Weak Economy, Embattled Presidency The economy is on a roll !

  3. Growth? • 6.1 % economic growth • Fastest growth in over a decade

  4. What Growth? • GDP 4.74 % • GNP 4.59 % • Selected Industry Sectors • Agri., Fishery, Forestry (.09) • Industry 4.24 • Services 6.89

  5. Economic Issues • EVAT-answer to Fiscal Crisis, signed last May, TRO by Supreme Court last July. • Joblessness • 4.8 million unemployed • 8.4 million underemployed • 11.8 % Unemployment rate

  6. Economic Issues • High Prices, Falling Income • Basic Commodities; household products, food items, including rice, flour, pork, beef, chicken, etc. • Increase by 6-8.5 % • Impending increase of LPG

  7. Economic Issues • Real Value of peso dropped to 65 centavos • The minimum wage cannot cope-up with the increasing prices • Php 610.80 DCOL Vs Php 250.00 Minimum +50.00 ECOLA

  8. Utility Price Increase • Oil • 160% increase since 1996, the year the industry was deregulated • 8X price increase since January this year • 2.00-3.00 average increase • LPG- planned 16.00 increase per tank next week • Oil Cartel is manipulating the prices

  9. Utility Price Increase • Power • 175 % increase per KwH since mid 90’s • EPIRA for smooth privatization of Power industry • Onerous IPP contracts, heavy load to consumers • Pending increase of 40 cents per KwH in 3rd quarter of 2005

  10. Utility Price Increase • Water • Since privatization of MWSS in 1997, water rates increase by 450% • Maynilad increased water rates last January and pending increase last June. • The increase was because of privatization of water services

  11. Social Services? • Falling spending • Health spending dropped by 24.5 % • Housing dropped by 61 % • Education small increase but still not enough

  12. Allocation is not Enough! • Education 14.9 % • Health 1.4 % • Housing 0.2 %

  13. This is more than Enough • Government allocation for Debt servicing in 2005 is a whooping • 33.2 %

  14. Unpopular President • Staunch supporter of WTO • She implements anti people policies • Anti people economic reform • Bogus Agrarian reform

  15. Unpopular President • Rampant Graft and Corruption • Militarization

  16. Social Unrest • Suspension of peace talk • Increase of street protest • Significant increase of forces fighting the government • The CPP/NPA • MILF

  17. GMA’s Final Crisis • Cheating during the 2004 election • Impeachment • Ouster movement

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