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Economic and Social Overview of the Philippines

Economic and Social Overview of the Philippines. -The Burden of Debt. The Debt. Causes. It is anything owed, specially a sum of money that one person owes to another. A person who owes the debt is called the debtor , and the one whom it owed is the creditor. Effect. Debtor. Solution.

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Economic and Social Overview of the Philippines

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  1. Economic and Social Overview of the Philippines -The Burden of Debt

  2. The Debt Causes It is anything owed, specially a sum of money that one person owes to another. A person who owes the debt is called the debtor, and the one whom it owed is the creditor. . Effect Debtor Solution creditor

  3. Causes of Debt: 1. Premature lifestyle enhancement 2. Desire to get rich quick 3. Unexpected expenses

  4. Effects of Debt: 1.Debtor gains funds 2.Debtor-creditor relationships may be good or may not 3.Something taken away from the debtor

  5. Solutions for Debt: Manage your money properly…

  6. The 14th Congress Philippine Debt Audit Campaign Rebecca L. Malay Treasurer Freedom from Debt Coalition

  7. Sources: Bureau of Treasury for NG Debts and Contingent Liabilities, BangkoSentralngPilipinas on Gross Borrowings, and Department of Budget and Management (General Appropriations Act) for Debt Service Is the debt problem over? Rebecca L. Malay Treasurer, Freedom from Debt Coalition

  8. Sources: Bangko Sentral ng Pilipinas on Gross Borrowings, and Department of Budget and Management for Debt Service Record Breaker Rebecca L. Malay Treasurer, Freedom from Debt Coalition

  9. Who suffers? Rebecca L. Malay Treasurer, Freedom from Debt Coalition

  10. Education Spending* Average national spending for education by administration show that based on 2000 prices, the amount spent per pupil fell during Arroyo’s time Marcos (1981-85) : Php 3 027 Aquino (1986-92) : Php 4 478 Ramos (1993-95) : Php 4 959 Estrada (1999-01): Php 5 830 Arroyo (2001-04) : Php 5 467 *former Budget Secretary Benjamin Diokno, “Real State of the Nation”, 20 July 2007

  11. Health Spending* • Combined (NG and LGU) per capita health spending show that Marcos (1981-85) spent Php 240 Aquino (1986-92) Php 278 Ramos (1993-98) Php 321 Estrada (1999-00) Php 360 Arroyo (2001-04) Php 303 *former Budget Secretary Benjamin Diokno, “Real State of the Nation”, 20 July 2007

  12. Philippine s’ debt Each Filipino owes Php 47,039 to local and foreign creditors -As of April 2010

  13. Philippine s’ debt Dec. 13, 2010 Press Release: As of September 2010, the National Government debt was recorded at Php. 4,664.2 Billion -a decrease of Php. 27 Billion or 6% from end August 2010 level of Php 4,691.6 billion

  14. The 2011 Budget at a Glance

  15. THANK YOU :) Presenter: Ms. Stefany May P. Indico III-6 BEEd

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