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The national debt of the Philippines is the total debt, or unpaid borrowed funds, carried by the national government of the Philippines. As of end-June 2023, the total national debt of the Philippines amounts to ₱14.62 trillion ($264.49 billion). [1] Total outstanding debt: ₱14.62 trillion ($264.49 billion) (58.3% of GDP) (December 2023) [2]
Income inequality grew during the era of martial law, as the poorest 60 percent of the nation were able to contribute only 22.5 percent of the income in 1980, down from 25.0 percent in 1970. The richest 10 percent, meanwhile, took a larger share of the income at 41.7 percent in 1980, up from 37.1 percent in 1970.
Economic history of the Philippines (1965–1986) Real GDP per capita development of the Philippines, 1965 to 1986. The 21-year period of Philippine economic history during Ferdinand Marcos’ regime – from his election in 1965 until he was ousted by the People Power Revolution in 1986 – was a period of significant economic lows. [1] [2] [3 ...
Amid high oil prices, high interest rates, capital flight, and falling export prices of sugar and coconut, the Philippine government borrowed a significant amount of foreign debt in the early 1980s. [42] The country's total external debt rose from US$2.3 billion in 1970 to US$26.2 billion in 1985.
Student loan debt continues to mount to a staggering high. Right now, it's at $1.774 trillion, according to a report by Melanie Hanson, senior editor for the Education Data Initiative. In "Student...
The road to student loan forgiveness is a long and winding one since President Joe Biden announced the much-anticipated administration's program on Aug. 24, 2022. Following several lawsuits and...
Higher Education Act of 1965. An Act to strengthen the educational resources of our colleges and universities and to provide financial assistance for students in post-secondary and higher education. The Higher Education Act of 1965 ( HEA) ( Pub. L. 89–329) was legislation signed into United States law on November 8, 1965, as part of President ...
To provide context, here’s a timeline of the events leading up to this review. Aug. 24, 2022: The administration announced the plan, under which up to $10,000 in federal student debt relief may ...