Showbiz personalities Jennylyn Mercado, Kim Chiu, and Alessandra de Rossi can’t help but react to the ballooning government debts which already reached 9 trillion pesos.
In her tweet, Jennylyn asked if the government was able to release a breakdown on where the loans were used.
“Naglabas na ba ng breakdown kung san napunta ang pera na inutang?”
Naglabas na ba ng breakdown kung san napunta ang pera na inutang? https://t.co/kVKF16VsOi
— jennylyn mercado (@MercadoJen) July 29, 2020
Alex meanwhile joked about it saying, “May GCASH po ba sila?”
May GCASH po ba sila? https://t.co/wajBwC2Hoq
— alessandra de rossi (@msderossi) July 29, 2020
Kim Chiu in a now-deleted tweet on the other hand also asked where did the 9 trillion in loans go.
https://twitter.com/BBisayas/status/1288391677753716736
In a report by GMA News, the Bureau of the Treasury (BTr) has disclosed that the national government’s outstanding debt has ballooned to a record P9.054 trillion, surpassing the P9-trillion mark, as of the end of June 2020.
The government’s borrowing was ramped-up by loans for COVID-19 response and its current figure is pegged 1.8% higher than the end of May debt which is P8.890 trillion and 15.1% higher YoY compared to June 2019.
Meanwhile, senators Risa Hontiveros, Ralph Recto, Sonny Angara, Ping Lacson, Frank Drilon, Kiko Pangilinan, and Leila De Lima have filed a resolution calling on the Commission on Audit (COA) to investigate and review government’s spending with regards to the COVID-19 response.
JUST IN: Senator Risa Hontiveros files a resolution calling on the Commission on Audit to review gov't spending on its COVID-19 response. Senators Ralph Recto, Sonny Angara, Panfilo Lacson, Franklin Drilon, Francis Pangilinan, & Leila de Lima are co-signatories. @rapplerdotcom pic.twitter.com/NjGdzpvpZk
— JC Gotinga (@JCGotinga) July 29, 2020
There were allegations of COVID-19 funds misuse in the procurement of PPEs, laboratory equipment, and other medical supplies which according to several reports were overpriced.
