MANILA (Philippine Daily Inquirer/Asia News Network): What is the state of the Philippines as it prepares for general elections in May 2022? Ain't pretty, and voters should wonder, unless it takes them for fools, why Malacañang has taken continuity for its theme and, through its candidates, is pushing more of the same for the next six years.
For one thing, the Philippines' indebtedness has ballooned to US$3.07 billion (S$4.13 billion) per the World Bank. It was the global lender's top borrower for the fiscal year July 1, 2020-June 30, 2021, topping even India, which means that even the children, malnourished and stunted ones included, will be in hock in the foreseeable future, the demands of debt service gobbling what otherwise should be devoted to their welfare.
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