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The Economy in 2003: Crisis and Challenges Beyond the May 2004 Elections IBON Yearend 2003 Birdtalk January 12, 2004 PSSC, Diliman, Quezon City IBON FOUNDATION We had a good start. For a short period, we turned around the economy and stabilized the chaos we had inherited… These are the downpayments... IBON FOUNDATION Percent HOW DID THE ECONOMY PERFORM IN 2003? 2002 2003 GDP GNP Agriculture Industry Services 3.8 4.4 3.1 5.9 -0.4 5.5 4.4 2.3 5 5.6 IBON FOUNDATION SERVICES IS THE FASTEST GROWING SECTOR IN TERMS OF FDI INFLOW 12% Mining Manufacturing Services -34% -90% IBON FOUNDATION Others -28% TOTAL GOVERNMENT DEBT IS STEADILY INCREASING 3.16 P Trillion 3.14 3.2 2.96 2.91 2.87 Jan Feb 2.97 2.93 2.9 Mar Apr May Jun Source: Bureau of Treasury IBON FOUNDATION Jul Aug Sep HOW MUCH DOES GOVERNMENT SPEND ON SOCIAL SERVICES FOR EACH FILIPINO? 1761 1675 1608 1516 1505 1455 Education Pesos Health Social Security & Employment Housing 387 364 376 331 327 221 223 166 171 48 61 202 115 1998 1999 2000 22 2001 19 2002 IBON FOUNDATION 392 151 19 2003 THE POOR HAVE LESS ACCESS TO BASIC SERVICES 95 87 83 70 67 94 73 Percent 56 2 Secondary Education 7 Housing Program Safe Drinking Water Lowest 40% Highest 60% IBON FOUNDATION Sanitary Toilet Electricity ACTUAL WAGES ARE WAY BELOW THE COST OF LIVING 727 562 537 Pesos 490 280 190 140 NCR ARMM Living Wage CAR Actual Wage IBON FOUNDATION 182 Region V MORE AND MORE FILIPINO WORKERS BECOME JOBLESS 3554 3459 Thousands 3423 3269 3144 1998 3103 1999 2000 2001 IBON FOUNDATION 2002 2003 AS POVERTY AND JOBLESSNESS WORSEN, MORE AND MORE PEOPLE RESORT TO PETTY CRIMES 73.1 59.6 43.6 2001 2002 IBON FOUNDATION 2003
