A Facebook post implies that the Philippines’ low debt-to-GDP ratio in 2019 was wholly a Duterte administration achievement, ignoring the contribution of the previous administration
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The administration of former president Rodrigo Duterte had greater leverage to borrow funds to help the country recover amid the pandemic because of the 39.6% debt-to-GDP ratio posted in 2019.The Facebook post containing the claim was posted on June 29 and has 277 reactions, 16 comments, and six shares as of writing. It was posted on the Facebook page “DUTERTE Media” which has 99,000 likes and 322,000 followers.
According to the post, the Duterte administration attained a “record low” debt-to-GDP ratio of 39.6% in 2019, saying that this “enabled the Duterte administration to have greater leverage to borrow funds to tide over the country during the height of the pandemic.” This statistic was used to support the post’s overarching claim that the Philippine economy under the Duterte administration was resilient and withstood challenges during the pandemic.
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