The Philippine Fiscal Crisis and the Neo-Colonial State by Dr. Edberto M. Villegas The fiscal crisis that the Philippine government is presently undergoing is the worst ever in the history of the country, and is caused by its own doing. And yet the government would pass the burden of solving this crisis to the people, with increases in taxes and prices like those for electric power and petroleum. It has even put up a so-called Bayanihan Fund so that ordinary citizens can contribute their shares for the government to weather the storm.
The date posted here is due to our website rebuild, it does not reflect the original date this article was posted. This article was originally posted in Yonip in Oct 19th 2004