MANILA, Philippines – Doves seemed to flock in Malacañang today as members of activist group Freedom from Debt Coalition (FDC) carried their demands for debt audit and repeal of automatic debt servicing imprinted on images of the bird symbolizing peace and freedom.
“Freedom from illegitimate debts! We march today to bring our petition to President Duterte. We call on him to include in his priority legislative agenda the repeal of the automatic appropriations law embodied in Presidential Decree 1177 and the immediate comprehensive audit of all public debts,” said FDC Secretary-General Sammy Gamboa.
MANILA, Philippines – While the Freedom from Debt Coalition (FDC) welcomes the Duterte administration’s move to reform the country’s outdated 19-year old tax scheme, it cautions against the regressive effects that the five tax policy packages as they could penalize ordinary wage-earning citizens.
MANILA, Philippines – The Duterte administration’s proposed 2017 national budget has allocated P6.13 billion in foreign debt service for 13 fraudulent, wasteful or useless loans, the Freedom from Debt Coalition (FDC) bared in a recent news release.
“For all of the hoopla about having a ‘Budget for Real Change’, billions of public funds remain to be captured and wasted on questionable loans incurred since the time of the late dictator Marcos. FDC has initially identified 13 questionable loans, but more are likely to be uncovered if Congress initiates an official comprehensive audit of all public debts,” FDC Secretary General Sammy Gamboa said.
MANILA, Philippines – While recognizing the need to ensure that the national budget prioritizes social development particularly the people’s welfare, the Freedom from Debt Coalition (FDC) yesterday criticized the Duterte administration for using this as a convenient excuse to justify the P80-million allocation for pet projects of each legislator.
“The proposed 2017 national budget, with its provision for lawmakers to identify projects for budgetary funding, reeks of traditional or ‘trapo’ politics that perpetuate patronage relations between public officials and their constituents,” FDC Vice-President James Matthew Miraflor said.
Freedom From Debt Coalition
The Freedom from Debt Coalition (FDC) – Philippines is a nationwide multi-sectoral, non-sectarian and pluralist coalition conducting policy advocacy work and campaigns to realize a common framework and agenda for economic development.