The Philippine government’s huge debt will be one of the big pandemic-triggered challenges the next administration will face, Senate Minority Leader Franklin Drilon said.
He also expects this to continue to increase as the Duterte administration resorts to borrow more to fund its COVID-19 pandemic programs, given that the Philippine economy is also still in a recession and collections remain low. The senator also scored the slow pace of the vaccination program in the country, adding that it's not easy to say when herd immunity will be achieved.
With an economic contraction of 4.2% for the first quarter of 2021 and an unemployment rate of 8.7%, Drilon said the “the economy is paying a hefty price to arrest the COVID-19 pandemic," which was mainly due to the mismanagement of the Department of Health.
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