Tuesday, September 22, 2009

Budget deficit highlights dangers of debt service priority, debt dependence

MANILA (Sept 22) -- The national government’s budget deficit of an alarming P210 billion for January to August 2009 underscores the dangers of government’s unprecedented spending for debt service and dependence on debt, according to research group IBON, an independent development institution established in 1978 that provides research, education, publications, information work and advocacy support on socioeconomic issues.

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