Is this true??? It's now viral and a lot of Filipinos wants to know the truth. Do we really owe P6.4 trillion in the world bank?
If you will do some research you will find something here on this website.
https://en.wikipedia.org/wiki/External_debt_of_the_Philippines
The External Debt is the amount of debt a country owes to foreign or international creditors.
The debtors can be the government, corporations or citizens of that country. The estimated Philippines foreign debt under the Aquino administration in early 2016 was $77,658,912,000 (US$77.659 billion).
External Debt: $77,658,912,000 in early 2016
The Public Debt is the total amount of debt a central government or country owes. It is also known as National Debt.
The debtors can be the government, corporations or citizens of that country. The estimated Philippines public debt under the Aquino administration in 2016 was $163,934,972,678.
Public Debt: $163,934,972,678 in early 2016
Public debt per person: $1,515.28
Population: 109,805,464
Public debt as % GDP: 45.8%
Total annual debt change: 8.4%
You may also want to check this
https://finances.worldbank.org/countries/Philippines
And this as well very important
http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:23079078~%20menuPK:51062075~pagePK:34370~piPK:34424~theSitePK:4607,00.html
Here's the screenshot: Where's the donation money now???
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