The Philippines on debt row / Edsel L. Beja Jr. - 4 0 16; Edsel L. Beja, jr.; 5 (Quezon City : Office of Research and Publications, Ateneo de Manila University, 2009.)
ABSTRACT : Heavy indebtedness and debt service payments, indicated by debt magnitudes and shares to national budgets, revenues, or outputs,mean that spending for public infrastructure and basic services is crowded out, even as they entail more borrowings in order to timely meet debt obligations. the failure to reduce indebtedness, improve national revenues, and raise incomes has contributed to the economic decrepitude of the philippines. Debt relief is necessary to pull the country out of such a state of affairs.
Keywords: 2 -- 0; 6; Philippines, debt -- Debt penalty -- Debt relief; 20; 2