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                    [ArticleID] => 293452
                    [Title] => Government to honor FM debts — GMA
                    [Summary] => President Arroyo yesterday renewed the government’s commitment to paying off all debts incurred by former dictator Ferdinand Marcos despite a further drop in revenue collections.


Leftist politicians have, in turn, renewed calls for Manila to renege on some of those debts incurred during the Marcos era after Mrs. Arroyo asked Congress this week to pass the proposed P1.05-trillion national budget for 2006. 


But the government, which allocates nearly a third of its national budget to servicing interest payments alone, was adamant that all debt must be honored. 


                    [DatePublished] => 2005-08-26 00:00:00
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ABCEDE AND BONOAN

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                    [ArticleID] => 293452
                    [Title] => Government to honor FM debts — GMA
                    [Summary] => President Arroyo yesterday renewed the government’s commitment to paying off all debts incurred by former dictator Ferdinand Marcos despite a further drop in revenue collections.


Leftist politicians have, in turn, renewed calls for Manila to renege on some of those debts incurred during the Marcos era after Mrs. Arroyo asked Congress this week to pass the proposed P1.05-trillion national budget for 2006. 


But the government, which allocates nearly a third of its national budget to servicing interest payments alone, was adamant that all debt must be honored. 


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abtest

Government to honor FM debts — GMA

August 26, 2005 - 12:00am

President Arroyo yesterday renewed the government’s commitment to paying off all debts incurred by former dictator Ferdinand Marcos despite a further drop in revenue collections. Leftist politicians have, in...

Headlines