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Probably because Ferdinand Marcos (ex-president) robbed the country blind in the 70's and it has never recovered ffffrom its national debt
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∙ 16y ago
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How much is debt of Philippines today in IMF?
47,00000000000000000000 billion
Is the US economy stable?
Not if you are listening to a lot of the economist at the moment. The US is heavily in debt to the Chinese and they have not yet worked out how to get out of it without having to work for it.
What are the effects of outflow and inflows in Philippine economy?
The effects of economic inflow in the Philippines has given this country a false sense of security in the past by eluding to having more money than is readily available. The economic outflow has thrown the Philippines into a state of debt.
How did Cleopatra raise money for the economy?
Her father Ptolemy XIII had borrowed money from Rome. Since he couldn't pay it, when he died, the throne and debt passed on to Cleopatra. So, in order to pay it, she taxed the people heavily and she used many other ways to raise the economy.
What is Mexico's debt level?
Government debt can be subdivided into two categories: external debt and domestic debt. External debt is the outstanding debt owed from the Mexican government to foreign governments (such as the United States or Europe), banks, institutions and individuals. Domestic debt is the amount of debt owed to Mexican banks, institutions and individuals within the country.Mexico's government debt can be broken down as follows:External debt: US$46,208.8 million.Domestic debt: US$192,218.7 million.Total Mexican debt: US$238,427.6 million.Now, the indebtedness level is the percentage of debt compared as a percentage of the total sum of products and services sold in the country within a year (also named Gross Domestic Product - GDP). Mexico's Gross Domestic Product is valued at US$788,840 million (est. 2009).Therefore Mexico's debt level is:5.9% of its GDP in foreign debt.24.4% of its GDP in domestic debt.30.3% of its GDP for total public debt.
How much total debt of the Philippines to the world bank?
60billion is the debt of philippines in the world bank.
What areas in the Philippines heavily eroded?
putanginamo
What southeast Asia city was heavily bombed in WW2?
Manila in the Philippines .
Does Manchester United or FC Chelsea have more money?
Both are heavily in debt.
What event left England so heavily in debt that they wanted the American colonist to help pay that debt?
The French and Indian War.
How much is debt of Philippines today in IMF?
47,00000000000000000000 billion
Who is wealthier Prince or Michael Jackson?
Prince, Michael Jackson was heavily in debt when he died.
Latest debt of Philippines to world bank?
60 billion US Dollars
How did states attempt to get out of debt?
The states tried to get out of debt by heavily taxing their citizens, thus driving out farmers. They also taxed incoming goods which hurt the trading system.
How long will it take to pay the Philippines debt to the world bank?
very long time
Is there any treaty between Philippines and UAE regarding unpaid debt of filipino citizens?
I think so. because debt collectors are over the world.
Why did England begin to heavily tax the colonies?
because they were in debt from the war and needed money, so they taxed the colonists.
