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Samantha Claire Butuyan Daniella Joyce Ferrer Analyn Laza Jamella Joy Sino Cruz Bonifacio Manzano

Group 7 presented on Section 20, Article VII of the 1987 Constitution pertaining to the Philippine president's power to contract or guarantee loans in the name of the Republic. This power is subject to concurrence from the monetary board and any limitations set by Congress. The president uses this power to borrow large sums for government projects and emergencies. For example, the Duterte administration borrowed an estimated $167 billion from China under the Build, Build, Build program, which is projected to increase Philippines' debt to over $450 billion and debt-to-GDP ratio to 197% within 10 years.

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134 views7 pages

Samantha Claire Butuyan Daniella Joyce Ferrer Analyn Laza Jamella Joy Sino Cruz Bonifacio Manzano

Group 7 presented on Section 20, Article VII of the 1987 Constitution pertaining to the Philippine president's power to contract or guarantee loans in the name of the Republic. This power is subject to concurrence from the monetary board and any limitations set by Congress. The president uses this power to borrow large sums for government projects and emergencies. For example, the Duterte administration borrowed an estimated $167 billion from China under the Build, Build, Build program, which is projected to increase Philippines' debt to over $450 billion and debt-to-GDP ratio to 197% within 10 years.

Uploaded by

Marie Tamondong
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Presentation by Group 7

G12 HUMSS-PSALMS
Samantha Claire Butuyan
Daniella Joyce Ferrer
Analyn Laza
Jamella Joy Sino Cruz
Bonifacio Manzano
Philippine Politics and Governance
Section 20, Article VII
of the 1987 Constitution

Pertains to the power to


contract or guarantee loans
in the name of the Republic
of the Philippines.
Philippine Politics and Governance
Limitations
• There must be a prior concurrence of
the monetary board.
• It is subject to such other
limitations provided by the congress
through “Legislative Enactments”.

Philippine Politics and Governance


• The Monetary Board exercises the powers and
functions of the BSP, such as the conduct
of monetary policy and supervision of the
financial system.
• The chairman is the BSP Governor with
five full members from the private sector
and one member from the cabinet.

Philippine Politics and Governance


When do the president use this power?
• The President uses this power every time the
government need a big amount of money for
government projects and in case of
calamities.
• The government can borrow from private
sectors and other countries.
Philippine Politics and Governance
Example of execution of Borrowing Power
Duterte Administration borrowed an estimated
$167 billion from China for the
infrastructure buildings under the slogan
Build, Build, Build.

Philippine Politics and Governance


Result of executing
of Borrowing Power
• The Philippines’ debt is currently at $123 billion
and with the additional $167 billion borrowed from
Chinese Government, the total debt will increase to
$290 billion with interest not yet included.
• Analyst projected that by 10 years, the debt will
increase to trillion dollars. The initial debt of
$167 billion would increase to $452 billion which put
Philippines’ debt GDP ratio to 197% - second-to-
worst in the world.
Philippine Politics and Governance

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