15/04/2022
From Business World and CJ Sereno.
Business World | By Bienvenido-Oplas-Jr
The numbers in the table show the following:
1. GDP change. The PNoy administration with 6.2% GDP growth was the best performer of the seven administrations. Another remarkable fact is that while Indonesia, Vietnam, and Thailand showed a decline in average growth in the period 2011-2016 vs. 2005-2010, the Philippines under PNoy showed increase in growth over the same period. Fantastic performance.
2. Inflation rate. The PNoy administration with 2.7% again was the best performer in price stability among the seven administrations. Almost half compared with the previous period, 2005-2010, and similar to the performance of Thailand.
3. Government gross debt as percent of GDP. PNoy’s was the second-best performer among the five administrations, next to Duterte’s. But here is the catch: it was 47.6% in 2010 and significantly reduced to only 37.3% in 2016, a 10.3 percentage points reduction in just six years. When the Duterte government came in, it stopped the decline and went on high borrowings, the ratio was flat at 37% from 2017-2019, and back to 47% in 2020.
4. Power installed capacity. PNoy expanded it by 8.2 GW in just six years, the biggest rise compared with five previous administrations.
5. Actual power generation. PNoy expanded power generation by 30 TWH in just six years, the biggest increase compared with the previous five administrations. This further proves that energy is development, more electricity is more growth, more poverty reduction.
Notice though that while the Philippines expanded electricity generation by 30 TWH from 2013 to 2019, Vietnam expanded theirs by 103 TWH, and Indonesia expanded by 63 TWH.
https://www.bworldonline.com/the-economic-and-energy.../