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More from @jcpunongbayan

23 Jun
Here's my latest Rappler piece, co-written with @znsuzara. Build 3x was supposed to bring about a "golden age of infrastructure." But to make up for their lack of progress Duterte and his men took credit for projects started in previous administrations. 😤
rappler.com/voices/thought…
Here are 10 examples:

1) Skyway Stage 3 (a public-private partnership or PPP project of the Aquino admin, launched in 2014) Image
2) LRT-2 East Extension Project (approved by the NEDA board way back in 2012) Image
Read 11 tweets
11 May
The median forecast by private analysts was -2.6%.
bworldonline.com/q1-2021-gdp-gr…
"It is the fifth consecutive quarter that the country has registered negative GDP growth due to the pandemic, making it the longest recession since the Marcos years."
rappler.com/business/gross…
Read 29 tweets
26 Apr
THREAD: Thoughts, comments on the econ managers' super early pre-SONA forum.

Dominguez's preamble: "We need to divide the term of this admin. into 2 periods. The first is the period of growth & the second is the period of pandemic response." Alam na...
web.facebook.com/DOFPH/videos/1…
Dominguez: Because of rice tariffication, "rice is no longer the main contributor to our overall inflation rate."

Yeah, but now in 2021 inflation has picked up again, mainly because of meat & vegetable prices.
Related piece of mine:
rappler.com/voices/thought…
Read 49 tweets
1 Nov 20
What a depressing graph. Based on IMF forecasts, the Philippines will suffer one of the biggest declines in GDP growth between 2019 to 2025. 😭

Pre-COVID, we were a rising star. But because of Duterte's botched pandemic response, that status has been washed away like dolomite.
2 weeks ago I wrote this:

rappler.com/voices/thought…
Read 5 tweets
9 Jun 20
Terror bill proponents say hirap daw ang gobyerno kasuhan ang suspected terrorists dahil sa kawalan ng ebidensya.

Pero di ba lumobo na nga ang confidential & intelligence funds ng gobyerno? Yung sa OP lang lumobo na sa P4.5b from ~P500m during Aquino's time (9x as high).
Halos kalahati ng total intelligence funds napunta lang sa Office of the President. At halos 2/3 ng total confidential funds napunta rin sa OP.
OP's 2020 budget = P8,201,318,000
Intelligence & confidential funds = P4,500,000,000

So MORE THAN HALF of the OP's budget ang intelligence, confidential funds. Tapos di kayo makabuo ng kaso vs terrorists at gusto pa ng bagong batas???

Don't us.

#JUNKTERRORBILLNOW
Read 4 tweets
13 Apr 20
Sino ang middle class?

Ayon sa pag-aaral ni Dr @toots_albert ng @PIDS_PH, as of 2017, ito yung mga pamilyang kumikita ng P19k hanggang P114k kada buwan (o 2 to 12 times ng poverty line).

Source: pidswebs.pids.gov.ph/CDN/PUBLICATIO…

#MiddleClassKaKung
Ganito ang itsura ng populasyon ng Pilipinas ayon sa income classes. Noong 2015, 40% ng mga household sa Pilipinas ang maituturing na middle class:

26% lower-middle
10% middle-middle (lol)
4% upper-middle

Source: pidswebs.pids.gov.ph/CDN/PUBLICATIO…

#MiddleClassKaKung
Sa urban areas di hamak na mas malaki ang porsiyento ng middle class (63% noong 2015) kumpara sa rural areas (34%).

Source: pidswebs.pids.gov.ph/CDN/PUBLICATIO…

#MiddleClassKaKung
Read 4 tweets

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