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Palace: P4-T loans used for infra, education, agri, other services
Manila Bulletin
|July 08 2025
Malacañang clarified that the over P4 trillion borrowed under the Marcos administration was spent on essential public services and development programs, not wasted on frivolous spending.
Communications Undersecretary Claire Castro said this as critics raised concerns about the ballooning borrowings under the current administration.
In a press briefing on Monday, July 7, Communications Undersecretary Claire Castro said the loans went to "growth-enhancing" investments, including infrastructure, education, agriculture, health, and social services.
Diese Geschichte stammt aus der July 08 2025-Ausgabe von Manila Bulletin.
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