• National debt rises to P5.45 trillion


    Correct me if I’m wrong, assuming the population is already 100 millions, so each Filipino share the debt of 54,000 pesos, or more than the annual income of an average Filipino. Using the best borrowing rate of about 3.5%, each Filipino has to pay 1,890 pesos annually, just interest. The interest rate can be as high as 7%.

    Paldo, pauldich@hotmail.com