FDC insists on the human dimension of the debt problem, and leads the people in claiming the “Social Debt” owed to them after decades of automatic debt service for "Illegitimate Debts," loans contracted through fraudulent and corrupt means. FDC continues to call for (1) official and citizens' debt audits to investigate all public sector debts and contingent liabilities and review all laws pertaining and/or concerning public debt; (2) the immediate holding in escrow of payments for questionable loans and contracts, pending investigation, and re-negotiation and/or condonation, with appropriate sanctions against erring parties, whether governments or private entities; and (3) the repeal of the Automatic Appropriations on Debt Servicing, contained in the Sec. 31 (B) of Presidential Decree 1177 and Sec. 26 (B), Book 6 of the Revised Admin Code of 1987.

 

2ndIssue 2015 Debt and Public Finance Snapshot
08 September 2015 17:43
Debt and Public Finance Snapshot as of Dec 2014
23 March 2015 12:39
KonTRAPOrk Primer
08 April 2014 22:33
Statement on PH Education
fdc statement on ph education.pdf (Social Debt to Education)
10 June 2013 20:40
FDC Social Debt to Education
fdc social debt to education.pdf (Social Debt to Education)
10 June 2013 20:40

FDC Chapters

chapters