MANILA – All borrowings under President Arroyo’s term–that racked up the country’s outstanding debt to a whopping P4.2 trillion as of 2008 from only P2.2 trillion in 2000–were necessary, her economic managers argue, amid accusations the President was responsible for the country’s deepening financial woes. The question now is: Where did all the debt...
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Brigadier General Danilo Lim
Ryan Agoncillo


