19Sept2016 rallyMendiola 3

 

19 September 2016

MANILA, Philippines – Doves seemed to flock in Malacañang today as members of activist group Freedom from Debt Coalition (FDC) carried their demands for debt audit and repeal of automatic debt servicing imprinted on images of the bird symbolizing peace and freedom.

“Freedom from illegitimate debts! We march today to bring our petition to President Duterte. We call on him to include in his priority legislative agenda the repeal of the automatic appropriations law embodied in Presidential Decree 1177 and the immediate comprehensive audit of all public debts,” said FDC Secretary-General Sammy Gamboa. 

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12 September 2016

MANILA, Philippines – While the Freedom from Debt Coalition (FDC) welcomes the Duterte administration’s move to reform the country’s outdated 19-year old tax scheme, it cautions against the regressive effects that the five tax policy packages as they could penalize ordinary wage-earning citizens.

“We urge Finance Secretary Carlos Dominguez to reveal to the public the details of the tax reform packages he presented to Congress so we would know how these measures will impact the lives of millions of Filipinos to whom every centavo counts in their daily struggle to make ends meet,” FDC Secretary-General Sammy Gamboa said in a news release Sunday.

Gamboa expressed concern that the reforms would be based on trade-offs and compromises with corporate interests rather than principles of equity, fairness and justice. 

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05 September 2016

 

MANILA, Philippines – The Duterte administration’s proposed 2017 national budget has allocated P6.13 billion in foreign debt service for 13 fraudulent, wasteful or useless loans, the Freedom from Debt Coalition (FDC) bared in a recent news release.

“For all of the hoopla about having a ‘Budget for Real Change’, billions of public funds remain to be captured and wasted on questionable loans incurred since the time of the late dictator Marcos. FDC has initially identified 13 questionable loans, but more are likely to be uncovered if Congress initiates an official comprehensive audit of all public debts,” FDC Secretary General Sammy Gamboa said.

FDC defines illegitimate debts as debts arising from loan-funded programs or projects that violated principles of human rights and sustainable human development, justice and fairness, accountability and responsibility, sovereignty of peoples and nations, and democracy. Projects funded by the 13 loans involved construction of farm-to-market roads, flood control, irrigation, power sector reforms, and elementary education, among others. Many of the loans came from the Asian Development Bank, Japan International Cooperation Agency and the World Bank.

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