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National Situation

This report discusses the conflicting narratives surrounding the Philippine economy in 2005. While the government boasts a 6.1% economic growth rate, various sectors highlight significant challenges, including high unemployment rates, rising prices of basic commodities, and reduced social service spending. It evaluates the implications of economic policies, such as the implementation of the EVAT, ongoing joblessness, and increased utility costs, alongside the sociopolitical unrest stemming from a controversial presidency and issues of corruption.

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National Situation

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  1. NationalSituation IBON Foundation, Inc. September 14, 2005 LOURDES SCHOOL OF MANDALUYONG

  2. Weak Economy, Embattled Presidency The economy is on a roll !

  3. Growth? • 6.1 % economic growth • Fastest growth in over a decade

  4. What Growth? • GDP 4.74 % • GNP 4.59 % • Selected Industry Sectors • Agri., Fishery, Forestry (.09) • Industry 4.24 • Services 6.89

  5. Economic Issues • EVAT-answer to Fiscal Crisis, signed last May, TRO by Supreme Court last July. • Joblessness • 4.8 million unemployed • 8.4 million underemployed • 11.8 % Unemployment rate

  6. Economic Issues • High Prices, Falling Income • Basic Commodities; household products, food items, including rice, flour, pork, beef, chicken, etc. • Increase by 6-8.5 % • Impending increase of LPG

  7. Economic Issues • Real Value of peso dropped to 65 centavos • The minimum wage cannot cope-up with the increasing prices • Php 610.80 DCOL Vs Php 250.00 Minimum +50.00 ECOLA

  8. Utility Price Increase • Oil • 160% increase since 1996, the year the industry was deregulated • 8X price increase since January this year • 2.00-3.00 average increase • LPG- planned 16.00 increase per tank next week • Oil Cartel is manipulating the prices

  9. Utility Price Increase • Power • 175 % increase per KwH since mid 90’s • EPIRA for smooth privatization of Power industry • Onerous IPP contracts, heavy load to consumers • Pending increase of 40 cents per KwH in 3rd quarter of 2005

  10. Utility Price Increase • Water • Since privatization of MWSS in 1997, water rates increase by 450% • Maynilad increased water rates last January and pending increase last June. • The increase was because of privatization of water services

  11. Social Services? • Falling spending • Health spending dropped by 24.5 % • Housing dropped by 61 % • Education small increase but still not enough

  12. Allocation is not Enough! • Education 14.9 % • Health 1.4 % • Housing 0.2 %

  13. This is more than Enough • Government allocation for Debt servicing in 2005 is a whooping • 33.2 %

  14. Unpopular President • Staunch supporter of WTO • She implements anti people policies • Anti people economic reform • Bogus Agrarian reform

  15. Unpopular President • Rampant Graft and Corruption • Militarization

  16. Social Unrest • Suspension of peace talk • Increase of street protest • Significant increase of forces fighting the government • The CPP/NPA • MILF

  17. GMA’s Final Crisis • Cheating during the 2004 election • Impeachment • Ouster movement

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