Why Aquino Admin is Afraid of Duterte: The Philippines Outstanding Debt Reaches P6.5 Trillion

There are plenty of reasons why the present administration of President Benigno S. Aquino III is afraid of Mayor Duterte as the next president of the Philippines. According to some sources, one of the main reason is that, Pres. Aquino will leave the next president P6.4 Trillion in Outstanding Debt.

A certain netizen revealed on Facebook the main reasons why Pres. Aquino and the Liberal Party is afraid of a Duterte presidency.

Based on the research posted online by a concerned netizen, the information came from various online sources especially when you searched online with the keywords "Worldbank Secret Loan to the Philippines."

Based upon the results of the search query, the information came from the official website of WorldBank.org.

Here's Some of the Evidences About the Philippines International Debt:

1. The "External Debt" is the amount of debt a country owes to foreign or international creditors.

The debtors can be the government, corporations or citizens of that country. The estimated Philippines foreign debt under the Aquino administration in early 2016 is $77,658,912,000 (US$77.659 billion).

Aside from the External Debt, the Philippines had Public Debt, which is the total amount of debt a central government or country owes. If is also known as the National Debt.

The debtors can be the government, corporations or citizens of that country. The Philippines estimated Public Debt under the Aquino Administration in 2016 is $163,934,972,678.

2. Records of the Philippines in the WorldBank and the controversial $500 million loan of the Philippines for Yolanda Disasters and Rehabilitation Program.

The Philippines received a total P73.31 billion from various international organizations including country's who pledged financial support to the Philippines for the recovery projects of those victims of the Yolanda disasters.

The Yolanda donations by various national government is still unaccounted for by the Aquino administration, there is still doubt if the said amount will be revealed to the public unless Mayor Duterte wins the presidency.

Despite the presence of the billions of Yolanda Funds donated by various national governments and other NGO's the Philippines under the Aquino administration still managed to get a Rehabilitation Loan worth $500 million from the WorldBank.

The above-mentioned controversies under the Aquino administration should be answered once Mayor Duterte marches to Malacanang after the highly anticipated May 9, 2016 national elections.

What can you say about this latest controversy and expose against the Aquino Administration, just add your comments in the space provided below.
 

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