Hontiveros to Marcos admin: Do not follow Duterte admin’s ‘over-borrowing’

Hontiveros to Marcos admin: Do not follow Duterte admin’s ‘over-borrowing’

By Liza Soriano

Sen. Risa Hontiveros (GMA News Online photo courtesy)

MANILA–Senator Risa Hontiveros urged President Ferdinand “Bongbong” Marcos Jr. not to imitate the “over-borrowing” tendencies of the Duterte administration.

“‘Wag sanang tularan ni President Marcos si ex-President Duterte na nagpumilit umutang sa China kahit hindi naman kailangan. Kaya, President Marcos, hinay-hinay lang sa pera ng bayan,” Hontiveros said.

The senator cited two projects namely Kaliwa Dam (P18-billion) project and the South Luzon Long Haul Rail Project from Calamba to Matnog in Sorsogon (P171-billion) during budget debates.

As the Chinese investors in both projects have not followed through on their promise to lend money to the Philippine government to finance these projects, both projects are currently in limbo.

According to Hontiveros, the delay “is actually an unexpected blessing.”

“Dapat maiwasan ni Pres. Marcos ang mga dambuhalang utang na naka-amba dahil kay President Duterte, lalo na kung hindi naman pala utang ang kailangan ng mga proyektong ito,” she said.

“We should do everything so government avoids taking on the heavy loan burden itself,” Hontiveros stressed.


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