MANILA, Philippines — Deputy Minority Leader and ACT Teachers Rep. Antonio Tinio on Wednesday warned that nearly a quarter of the 2027 spending program would be funded through borrowing. Tinio said the debt-funded share in 2027 would amount to P1.69 trillion, which is 24 percent, compared with 13 percent in 2016. He attributed the large sum of borrowed funds to government infrastructure allocations in recent years, many of which have since come under scrutiny. “In the golden age of flood control here in the Philippines, the first three years of the Marcos Jr. administration, 2023-2025, a total of P287 billion went […]...

Keep on reading: 2027 budget: Tinio flags ‘massive’ deficit spending