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'Not wasted': Marcos' P4T borrowings went to public services—Palace
Manila Bulletin
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today
Malacañang clarified that the over P4 trillion borrowed under the Marcos administration was spent on essential public services and development programs, not wasted on frivolous spending. (Video courtesy of RTVM)
READ: https://mb.com.ph/2025/07/07/not-wasted-marcos-p4t-borrowings-went-to-public-servicespalace
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Transcript
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00:00
Ma'am, this is a question on the national debt.
00:03
Dalawang bahagi po yung tanong.
00:05
As of end March 2025,
00:07
nasa close to 17 trillion na po ang utang ng bansa.
00:10
Ito yung 62% ng debt-to-GDP ratio.
00:14
Of the more than 4 trillion borrowed under the Marcos administration,
00:19
can we account where it largely went?
00:21
And is a 62% debt-to-GDP ratio still within what can be considered healthy?
00:26
Ito po ay ginamit sa mga growth-enhancing investments
00:29
tulad ng infrastructure, education, agriculture, health, at social services.
00:35
Makikita po natin kung ano ang mga tinulong ng Pangulo at ng pamalaan sa mga farmers natin,
00:40
sa mga mangingisda po natin.
00:42
Pati po itong pagpapataas din po ng mga ayuda at tulong sa ating mga kababayan.
00:48
Makikita niyo po yan.
00:49
At ito po ayon sa ating DOF, Department of Finance,
00:54
ay sustainable, nasa sustainable level po tayo.
00:57
At dahil po ang 70% po ang international threshold for the debt-to-GDP ratio.
01:05
So, nandun pa po tayo.
01:06
Sabi niyo nga po, nung nakaraang taon, nasa 60.2.
01:10
Kung di ako nagkakami, 60.7%.
01:12
Pero ngayon mukhang tumaas ng konti.
01:14
62%.
01:15
At still, nandun pa rin po tayo sa range.
01:17
It's supposed to be below 70%.
01:19
And can you tell us kung ano pong targets in the next three years of the administration?
01:25
Kasi po, sa unang zona ng Pangulo, if I may point it out,
01:30
ay target po na ibaba sa 60% or below ang debt-to-GDP ratio.
01:36
Sa ganyang katanungan, tatanungin po muli natin ang DOF
01:40
at yung ating economic team patungkol po dyan para mas detalyado ang aking maiulat sa inyo.
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