Here is the debt from 2000 to 2008:
Year Amount in Million Pesos
2000 2,166,710
2001 2,384,917
2002 2,815,468
2003 3,355,108
2004 3,811,954
2005 3,888,231
2006 3,851,506
2007 3,712,487
2008 4,220,903
Source: Bureau of Treasury
The outstanding government debt has doubled from Y200 to Y2008 in a span of 8 years yet our government officials are spending money as if our country have excess money in the bank.
I believe all candidates for this election should be aware of this figure for them to realize how our country stand financially.
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