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.
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.