Leviste: PH headed for debt crisis unless gov’t cuts wasteful spending

2026-03-27 - 09:40

MANILA, Philippines — Batangas 1st District Rep. Leandro Legarda Leviste warned that the Philippines is heading towards a debt crisis worse than the current oil crisis if the government does not end wasteful spending and make serious budget cuts. “This year, the Philippines will lose an estimated ₱300 billion from higher oil prices, but our