Transcript Document

The Economy in 2003:
Crisis and Challenges Beyond
the May 2004 Elections
IBON Yearend 2003 Birdtalk
January 12, 2004
PSSC, Diliman, Quezon City
IBON FOUNDATION
We had a good
start. For a short
period, we turned
around the
economy and
stabilized the
chaos we had
inherited… These
are the
downpayments...
IBON FOUNDATION
Percent
HOW DID THE ECONOMY PERFORM IN 2003?
2002
2003
GDP
GNP
Agriculture
Industry
Services
3.8
4.4
3.1
5.9
-0.4
5.5
4.4
2.3
5
5.6
IBON FOUNDATION
SERVICES IS THE FASTEST GROWING SECTOR IN TERMS OF
FDI INFLOW
12%
Mining
Manufacturing
Services
-34%
-90%
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Others
-28%
TOTAL GOVERNMENT DEBT IS STEADILY INCREASING
3.16
P Trillion
3.14
3.2
2.96
2.91
2.87
Jan
Feb
2.97
2.93
2.9
Mar
Apr
May
Jun
Source: Bureau of Treasury
IBON FOUNDATION
Jul
Aug
Sep
HOW MUCH DOES GOVERNMENT SPEND ON SOCIAL SERVICES
FOR EACH FILIPINO?
1761
1675
1608
1516
1505
1455
Education
Pesos
Health
Social Security &
Employment
Housing
387
364
376
331
327
221
223
166
171
48
61
202
115
1998
1999
2000
22
2001
19
2002
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392
151
19
2003
THE POOR HAVE LESS ACCESS TO BASIC SERVICES
95
87
83
70
67
94
73
Percent
56
2
Secondary
Education
7
Housing
Program
Safe Drinking
Water
Lowest 40%
Highest 60%
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Sanitary
Toilet
Electricity
ACTUAL WAGES ARE WAY BELOW THE COST OF LIVING
727
562
537
Pesos
490
280
190
140
NCR
ARMM
Living Wage
CAR
Actual Wage
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182
Region V
MORE AND MORE FILIPINO WORKERS BECOME JOBLESS
3554
3459
Thousands
3423
3269
3144
1998
3103
1999
2000
2001
IBON FOUNDATION
2002
2003
AS POVERTY AND JOBLESSNESS WORSEN, MORE AND MORE
PEOPLE RESORT TO PETTY CRIMES
73.1
59.6
43.6
2001
2002
IBON FOUNDATION
2003