DURTERTENOMICS PRESIDENT DUTERTE PLANS TO MAKE THE PHILIPPINES BETTER !

"Noong nakaraang linggo ay inilunsad ang Dutertenomiks o ang plano ng ating President Duterte para umunlad ang ating bansa ,gayun paman muli itong iprinisinta this time sa Foreign media ang detalye sa ulit ni Diane Ferrer"

"Kasali sa funnel na ito ang ibat ibang head ng ating mga Goverment Agencies sila Sec.Marvin Andanar ng PCOO . Sec. Carlos Dominguez ng Dept. Finance . Sec. Ernie Peña ng NEDA .Sec. Benjamin Diokno ng DBN, Sec.Mark Villar ng DPWH . Sec.Arthur Tugate ng DOTR.,Sec.Alfonso Gicusi ng Department of Energy, "

Dito napag usapan ang pag papagawa ng malalaking inspraktaktura na inaasahang mag papalago ng ekonomiya ng Bansa ..

“Build, build, build” is said to be the foundation of the Duterte administration’s development plan, which his economic managers are packaging as “Dutertenomics”. The plan is supposed to usher in a “golden age of infrastructure”.

But despite the attempt at branding, Dutertenomics is neither new nor unique. Its cornerstone of massive infrastructure development is still built on the neoliberal agenda of opening up additional profit-making prospects for big local and foreign business, including through “development” lending, building and operating the infrastructure themselves and/or constructing facilities that would benefit their commercial interests.

Worse, the ambitious plan may not usher in a golden age of infrastructure but instead a golden age of oligarchic and foreign interests in infrastructure while the public bears more onerous financial burden arising from greater debts and taxes.

Ongoing PPP/infrastructure/transport projects continue to burden the people. The Php62.7-billion MRT-7 project (SMC) – the second largest among active PPP projects – for instance, is fraught with onerous contractual terms that are disadvantageous to taxpayers (state guarantees on private debt, amortization payments, etc.) and end-users (guaranteed fare adjustments) while causing massive displacement among urban poor and farmer communities. The same thing is true with the LRT-1 (MVP-Ayala) PPP project.

Ultimately, it all goes back to the policy issue of private sector and profit-driven infrastructure development that the so-called Dutertenomics promote. The country needs to urgently address its infrastructure crisis but as IBON has repeatedly raised in the past, infrastructure development for transport as well other key sectors carried out with profit-driven agenda contradicts and undermines the role of infrastructure in improving the living condition of the people and serving the overall economic development and general public interests of the country.