Sen. Panfilo M. Lacson on Tuesday scored the government’s penchant for borrowing, but not always with the corresponding results.
Lacson said that while borrowing may be necessary for the economy, the Philippine government has yet to show results of the trillions of pesos it has borrowed over the years.
“When I first became a senator in 2001, our national government’s outstanding debt was P2.88 trillion. Over the Arroyo, Aquino and Duterte administrations, it has ballooned to P10.027 trillion as of October this year, from P8.2 trillion at end-2019,” he said in an interview on Radyo 5.
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Continue reading “Sad Reality: Lacson Scores Government Penchant for Borrowing”
