LAST week, the United Nations Conference on Trade and Development (Unctad) released its biannual report on global public debt, and the news was alarming. Global public debt reached an all-time record high of $97 trillion in 2023, prompting Unctad to call on the UN to take "urgent action" to prevent a financial crisis. While the Philippines is not among the countries considered most at risk, our own circumstances are far from ideal and should be addressed with more urgency.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details