Almera, Yuan Andrei O.
ACT-19A
Marcos Era Aquino Ramos Estrada Macapagal- Benigno Aquino Duterte’s
(1965–86) Administration Administration Administration Arroyo's III's Administration
(1986–92) (1992–98) (1998–2001) Administration Administration (2016-Present)
(2001–10) (2010–16)
On September 21 Most of the The taxation His administration The emergence of The government The inflation rate
1972, Marcos immediate efforts system was was severely the OFW and the managed foreign of the country
issued of the Aquino reformed, and criticized for BPO improved the debts falling from skyrocketed to
Proclamation No. administration was external debt was cronyism, contributions of 58% in 2008 to 6.7%; it’s highest
1081, effectively directed in brought to more incompetence, and OFW remittances 47% of total in a decade.
installing martial reforming the manageable levels corruption, and investments to government
law in the image of the by debt causing it to lose growth. borrowings. On September 21,
Philippines, a country and restructuring and the confidence of 2018, Duterte
declaration that paying off all sensible fiscal foreign investors. GDP has averaged World Wealth signed
suspended civil debts, including management. 5.0% during the Report, stated that Administrative
rights and imposed those that some The fiscal deficit Arroyo presidency the Philippines Order No. 13,
military rule in the governments were By 1996, the had doubled to from 2001 up to was the fastest removing non-
country. ready to write-off, country's GNP and more than P100 the first quarter of growing economy tariff barriers in
as possible. GDP were billion from a low 2008. in the world in the importation of
GDP of the growing at a rate of P49 billion in 2010 with a GDP agricultural
Philippines rose The economy of 7.2 percent and 1998. Annual inflation growth of 7.3% products, to
from P55 Million posted a positive 5.2 percent reached the 17- driven by the address soaring
to P193Million in growth of 3.5% respectively. The The rate of GNP year high of 12.5 growing business inflation rates.
about 8 years. annual inflation in 1999 increased percent in August process
Growth spurred by In her final year in rate had dropped to 3.6 percent 2008, up from a outsourcing and BSP decreased its
massive lending office, inflation to 5.9 percent from 0.1 percent record low of 2.8 overseas inflation forecast
accounting for was raging at from its high of in 1998, and the percent registered remittances. for 2019, after the
about 62% of 17%, and 9.1 percent in GDP posted a 3.2 in 2007. It eased passage of the rice
external debt. unemployment 1995. percent growth to 8.8 percent in the economy grew tariffication bill.
was slightly over rate, up from a December 2008 as by 6.68% in 2012. Inflation
In 1970-1980 the 10%, higher than During the Asian low of −0.5 fuel and energy The Philippine decreased further
country registered the Marcos years. Financial Crisis percent in 1998. prices went down. Stock Exchange to 5.1% in
an average 5.73 the peso index ended in the December 2018.
percent growth. depreciated to Debt reached P2.1 year with 5,812.73
P40.89 per USD trillion in 1999. points a 32.95%
from P29.47 GNP growth from the
fell to 0.1 percent. 4,371.96-finish in
2011.
