Arroyo’s 6-Year Record Shows Highest Debt, Lowest Social Spending
MANILA — In her response to a survey that found the Philippines to be the most corrupt economy in Asia, President Gloria Macapagal-Arroyo claimed that the country?s negative image was an offshoot of tough decisions she made to turn the country around, such as the implementation of tax reforms like the RVAT.
But an examination of her six-year record in office showed that her government actually brought the country to its worst-ever fiscal crisis, according to independent think-tank IBON Foundation.
