How can the Marcoses rob the government if the amount of projects they make is greater than the total gov't budget? - The Daily Sentry

Sunday, July 15, 2018

How can the Marcoses rob the government if the amount of projects they make is greater than the total gov't budget?



Ferdinand Marcos's personal wealth given by his former client the Tallano royal family. Image and caption credit to Sam Perkinz
The time of former President Ferdinand Marcos was a time of prosperity and abundance for the country, but in current times the Marcoses are painted as crooks who stole billions from the government to provide for their luxurious lifestyle.

However, the total budget of the Philippine government from 1965 to 1986 was only P486 billion, thus, had the Marcoses truly stole from the government funds, how else would they have established billions worth of projects and infrastructure?

Image credit to www.bagonglipunan.com
Petron Corporation. Image credit to www.bagonglipunan.com
Bangui Windmills. Image credit to www.bagonglipunan.com
National Buildings – Bagong Lipunan. Image credit to www.bagonglipunan.com
Image credit to www.bagonglipunan.com
On the contrary, former President Cory Aquino’s government budget was P1.1 trillion while that of former President Fidel Ramos was P2.3 trillion, and both officials had terms that only last for six years.

How could those two president have more budget than during the time of Marcos who sat for over 20 years as president?


It may be traced to when Aquino and Ramos sold several income-generating projects of the government to private companies and corporations such as Power Plants, PAL, Petron, PLDT, MWSS, LWUA, PNOC , BNPP uranium and nuclear reactor, Meralco, Tv stations, NAPOCOR, LRT, SLEX, and NLEX.

These government projects were mostly established during the time of Marcos and would have provided enough economic stability for the country instead of having the Philippines rely on income tax to sustain itself.

Fidel Ramos and Cory Aquino. Image from File photo
However, Aquino and Ramos had pursued other interests, sold these services to private entities, and ended up with the Philippines needing a major fix to get out of its hole.


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