Hontiveros’ advice to Marcos Jr.: Don’t overborrow from China like Duterte

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 86%

Philippines Headlines News

Philippines Latest News,Philippines Headlines

President Ferdinand Marcos Jr. should not follow the example of former President Rodrigo Duterte whose borrowing spree had raised government debt to P12.79 trillion by the time he stepped down from office in June, Hontiveros said. | NCorralesINQ /PDI

“The delay is actually a blessing in disguise,” Hontiveros said.

“Duterte’s pivot to loan financing to the exclusion of PPP for his flagship projects was an unsustainable tactic, and reliance on China for loans even more so,” she added. He also recently told local government units to partner with the private sector especially in infrastructure and digital projects.

The country’s debt reached a new record high of P13.52 trillion at the end of September, buoyed by the depreciation of the Philippine peso against the dollar and more borrowed funds to support the national budget, according to the Bureau of the Treasury.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Wow at kumana na naman ang isang walang silbing senador ja corrupt

Qow ang vorrupt akala mo kung anong nagawa sa bayan

Iba talaga utak ng 31M. Hindi ko kinakaya. Hindi kayo naaawa sa kapwa ninyo porket nakakaangat kayo. Nakakaawa ang bansa natin.

Nag mamarunong!

Debt made by former pres duterte is valid during that time. Pero kung ngayon, baka meron pang ibang paraan.

Key word 'overborrow'. But did China really extend financial loans to the Philippines? If so, how much to date?

You have no credibility like they do. You are nothing compared to them.

Yung TUPAD lang e, OBVIOUS CORRUPTION tama

Don't worry Sen Risa, China don't have money to lend to PBBM their economy is also down... 🤑🤔🙄

there's nothing she could do 😁😎

Kahit malaking halaga pa yang uutangin ng pilipinas kung walang corrupt oks lang uan ang masama kung may corrupt

FYI po madam ! After F. Marcos pres duterte Lang ang maraming nagawa SA pinas wala na !! yes di siya perfect Pero nung time niya walang snatcher na nagkalat ngayun naglabasan na uli rapist, killer holdaper etc. kailangan SA pinas kamay na bakal.

We hope BBM is better than his predecessors. Parang awa nyo naman sa bansa

Tanga mas malaki utang natin sa Japan..

Hontiveros., magtrabaho ka nga nde yung puro ka puna dyan., baket perpekto k b as senator? D b May hidden agenda k rin at hidden secrets sa likod ng pagka senadora mo? Like de5. Wag mo sabihin malinis ka…

I’d rather follow him than be forever doomed to your example. For once, please make yourself useful not for your own interests but for the betterment of this tormented country of ours and the majority. Your chances to be in BBM’s pedestal is slim and next to impossibility.

👏👏👏

mahilig ang china sa debt trap

🫵Ano walang 👉🧠 ang President. ikaw ang tagal m n jan sa gobyerno wala ka pa nagagawang mabuti para sa bayan. VIRUS K NG GOBYERNO!!!

China will lend us momey and will keep the ph resources if the govt fails to pay the debt.

Idol ni Duterte si FM Senior. Idol din ni Junior ang tatay nya. Goodluck 31M.

anong i dedeposit sa switzerland kung hindi uutang?

Wala kang karapatan na utusan ang Presidente, ilapag mo muna kung nasaan ang pera ng Philhealth🤮

Sentor nasaan ang pera ng philhealth? Ilabas mo nga!🤣🤣🤣

docong_nestor Too late. He’s been in office for less than 6 months but he already borrowed how much? And, more loans are coming.

😂🤣😁

We have the least..that's realtalk. Not sure how you won despite your controversy in PhilHealth. 🙄

gamitin utak mo, may covid pandemic at kulang ang pera ang pinas. kung hindi gagalaw ating presidente malamang maraming patay

Dami mo sinasabi puro against ka sa Govt ehh nsa Govt ka,

copy

Wait untill u became😄

The pandemic was partly the reason why the ex president over borrowed. Just the same, your advice is good.

sa us na lang daw 😂😂😂

this is 'rich' coming from someone that headed Philhealth when it started to become corrupt. Right Rissa 'Hypocrite' hontiveros? 🤣

Alisin na kc kayo mga senador dagdag gastos lang kayo puro imbestigation lang naman gawa nyo may pulis at doj para sa ganun

goodluck pilipinas kapit lang basta hindi ako kabilang sa 31 million kuno daw na bumoto dyan sa anak ng magnanakaw na yan

🙄🙄🙄

Nabaon man tayo sa utang pero nairaos tayo ng dahil sa pagmamahal ng isang tatay Digong. Ang resibo +81 satisfaction rating!

You know when a senator has no fracking idea when that individual starts dishing out advice based on personality rather than research-based recommendations.

Dami mong satsat, ikaw kaya magbalik sa 14B na nawala sa philhealth Nung time mo!!!!

What ? ! Get rid & demolish SENATE ! It is a big waste of money !

yung kinurakot mo sa philhealth? wala lang din?

naku risahontiveros gumawa ka ng sarili mong admin,meaning magpresidente ka muna,masyado kang nagmamarunong,nasa pangatlong pinakamataas na katungkulan ka lang..tonta

agree! kami lang ang dapat umutang at wala kayong karapatan. -Dilawan

Daming alam ng babaing to hahah may masabi lang gaga ka hahah

Inquirer thinks this is news. Part of nation building. Where's the real news nowadays? Unfollow inquirer. Teach them a lesson.

Tandaan natin ang sinabi ng Virus na to kung ano ang ecomomic platform kung tatakbo na itong presidente in 2028. Balita eh echa fuera na ang Madumb. Hopeless ng maging hindi boba. Kaya try nila ang komunista. Kung binalik mo sana ang Philhealth funds, may kredibilidad ka pa. 👊👊

Current High inflation should be blamed to Du30 First, doubled all gov’t salary with no sufficient income. Excessive public infrastructure spending.

hindi makikinig yang animal na yan. Walang paki-alam yan. Utang spree gagawin ng basurang yan.

Gaga!!!!!!!!!!!

😂😂😂

misdirection pusheradikanaknghepengprotektor Anyone also wondering /wondered why the Marcos were never declared persona non grata? Not even by either Prez Cory or PNoy! moromoro animaLbiLyonBilyonAnomaLyaNanaman SystematicPlundering PeoplePower1986 LapuLapu2023

Tuwang tuwa pa nga mga Dutae nyan 🤣🤣🤣🤣🤣🤣

Ehh di ikaw nalang magpa utang risa...hahahaha ..

Hindi ata nag babasa ng foreign news .. sana makita nila kinakahinatnan ng ng hihiram sa China ..

Thank you for saying that, Philhealth Dekwat Kween!

While I do agree with the senators statement kaso dapat mayroon din tayo pagkukunan ng funds needed to restart our country after the pandemic. Hinde lang pinas ang nabaon sa utang this past 2 years. Hinde pede point point lng tyo sinu may sala. Just saying…

Dumakdak kn nmn phil health hahaha

Si Diokno ka girl?

risahontiveros well be a president first ❗ for PBBM If you want TO OWN a Bently don't take advise from a person who drives a Toyota vios ❗and that's YOU Risa ❗THE VIOS DRIVER ❗

Major in economics din pla to si madam..tsk tsk.

Ay nko satsat ka ng satsat kami nga nurses di pa nabigay allowance pero umutang na nga pambayad pero nabulsa na ata hahaha kawawa juan😅😂

Tama! Utang ka ng itang tas mga pilipino ang nagbabayad sa mga nilulustay nyo! Ang kakapal na ng mukha nyo!

Eh ano kung mangungutang sila...Bat sila KOMPIYANSA sa pagpapautang sa Pilipinas ng World Bank IMF? May naibabawas ba sa sinusweldo mo ng dahil sa utang ng Pilipinas?hahahaha Anong Pakana na nman ninyo para siraan ang Pangulong BBM sa mga Filipino! Mga utak Pinklawan!!!!!

Kaya nga chupapi tayo ng China e hahahaha. Magtataka pa ba kayo kung sa China sya kakapit. Ayaw nya kasi ng giyera which is good naman, kaya lang kapalit non kailangan magpauto tapos bawal kontrahin ang china HAHAHAHA🤡

dapat kay rissa ipasok na sa mental! baliw na ata! nakaka awa. walang silbing senadora, mabahu pa ang bunganga. kung anu anu sinasabi.

ULyanin na Po Kyo sen. Hontevirus,may memory gap ka na, pandemic noon kaya nag Loan para pang ayuda sa mga supporter mo na Hindi mo pinirmahan, remember sen?

Mg president ka Muna pra masunod ang gusto mo😘tahol 👑

Can I just pay 110k for my debt?

Hontiveros tanga senador nang Hiram Ang government para sa COVID-19 sa mga gamot. .vaccine at ayuda sa mga pilipino ikaw hayop ka na senator Wala ka ginawa sa senador kundi Ang umipal ng umipal ka peste yawa ka

incompetent senator at its finest..alam nia pandemic need to step up. eh cya nga yung may magandang pirma na nagpa allow na manghiram ng pera for bayanihan law

better yet not to borrow, else, we'd seem to like china's wps encroachment manifesting a rather awkwardly and cowardly act

Over borrow? Kulang pa nga sa hinihingi na ayuda.

hayss.... akala mo ang galing galing nya... palpak din naman

Verily true and correct definitely and accurately hence I agree with the Message.

Okay lang yan kaming mahihirap lang naman ang babayad ng mga utang. Bahala sya magparty2x, tanggapin namin sya kahit yan lang ang achievement nya total sya ang binoto ng mga 31m🙄

Kailan ka uutang, kapag sobrang mahal na ang magpatayo ng mga infrastructure projects?

Until now the opposition could have not moved on! Please put your praised president on the right time, all you have to do now is to keep being a law-abiding citizen and love your family. Again move on to avoid being fool.

i really wanna know in an alternate universe how she handle philippines.

And a big part also of those borrowings were used to tide us over the almost 2 year pandemic. Mostly in the form of ayudas

Putangina mo risahontiveros king pwede mag aral ka. Feeling matalino pero lahat nilang pinupulitka. SA MGA TAO DYAN ETO ANG TOTOO. THIS DEBT IS HIGHLY POLITICIZED. WANT TO HAVE THE PROFESSIONAL INCOTE? WATCH THIS! China debt is NOT LARGE.

Serious? We had a pandemic, clearly that's the impetus for much of the borrowings done at that time not to mention the big infrastructure programs that definitely needed funding for its actualization.

ok lang yan...hindi naman daw sya ang magbabayad ng utang..😊

Pisting yawa ang inutil. Ukininam si junior.

NCorralesINQ Politics.If he didnt borrow during the time of the pandemic. How will this country buy enough vaccines? How will his administration distribute ayuda, especially since they couldnt collect taxes because of lockdowns caused by the pandemic, and finally how can he continue govt proj

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Angara defends Marcos admin’s intel funds: ‘President needs access to good info’Senator Sonny Angara on Thursday, November 10 defended the P4.5-billion worth of confidential and intelligence funds (CIF) lodged in the Office of the President’s proposed P8.9-billion budget for 2023. Sen Angara defended the whole budget of OP and everything in it. Now it's submitted to the Senate plenary, it will undergo amendments and further debates. Grabe tlga mga tao daming issue dming napupuna eh halos lahat nmn ng nging presidente s bansa may confidential funds Bakit kailangan pa ng intel fund may sahod naman ang pnggulo. Bakit kukunin ang tax ng bayan kung walang transparency sa paggamit nito. Kaya nga siya inihalal ng tao para makita kung saan ginagamit ang tax ng publiko. Kaya mga ganitong panukala parang inulit lang ang mali dati!
Source: manilabulletin - 🏆 25. / 51 Read more »

Ex-President Duterte says he had himself checked after weight loss, tremorsDuterte said doctors found he has "trauma" which could be related to several accidents from riding motorcycle, including the latest which happened last month. “Sa brainwaves and they found out I have, marami akong trauma,” he said. “I have two accidents, on one, nawala ang break,” he added. karma No great amount of stolen money will save a dark soul like you. kelan po libing?
Source: gmanews - 🏆 11. / 68 Read more »

‘Nuclear energy remains unsafe’: Hontiveros joins call to realign BNPP maintenance funds to economic programsSenator Risa Hontiveros on Friday, November 11 maintained that safety issues surrounding the Bataan Nuclear Power Plant (BNPP), remain unanswered, and thus, funds for its maintenance should be realigned to fund the government’s economic recovery programs. Hontiveros the progress obstructionist 😂 she wants higher electricity costs ... come to think of it, she is most likely in cahoots with the Power Producers 😏 So how to achieve the safetiness of the surroundings if you realigned to other programs? Use that funds to achieve that safetiness. Utak talaga nito anti-progress. Why not have it evaluated now pra maging useful na. Ang hilig nyo Sa realignment Tapos Sa bulsa lang din ng iilan mapunta at nirealign to allowance pla.
Source: manilabulletin - 🏆 25. / 51 Read more »

Drilon to Congress: Check Marcos admin’s P9.3B secret, intelligence funds carefullyMANILA, Philippines — Former Senate President Franklin Drilon has urged Congress to carefully look at the P9.3 billion confidential and intelligence funds (CIFs) of President Ferdinand Marcos
Source: inquirerdotnet - 🏆 3. / 86 Read more »

Marcos accepts Xi's invitation to visit China in JanuaryPresident Ferdinand Marcos, Jr. has accepted an invitation from Chinese President Xi Jinping to visit Beijing in January next year, hoping to bring up the country's position...
Source: TheManilaTimes - 🏆 2. / 92 Read more »