Quote Originally Posted by mazdamazda
Philippines' National Debt
1962 - $275M
1986 - $27.2B
2003 - $57B

We are still paying off our debts from Marcos' time.
huh? more than half of our debt was acquired after marcos era... its not interest... kasi kung 27.2B * .05 annually bale... $51B kung hindi tayo nagbabayad... eh since binabayaran natin yun interest yearly... yun half ay inutang nun ibang president... kaya rin naging $27.2B utang natin nun 1986 ay dahil umutang ang pilipinas after marcos era to rehab misleading yun year 1986, akala nun iba tinakas din ni marcos yun pera...