Sunday, March 18, 2007

Foreign Borrowings 1987 to 2005

This entry was originally a response to this comment by moks on the comparability of nominal amounts of borrowings over 20 years.

From this PCIJ entry on domestic and foreign borrowings across different administrations. I converted the peso values to its equivalent in US Dollars and multiplied by a factor* to arrive at the equivalent US Dollar value (using 'relative share of GDP') in 2005.
Foreign Borrowings 1987 to 2005
Year Billions(PHP) PHP to USD ConversionMultiplier* Billions(USD)
198715.4220.572.62811.97
198817.2921.12.44052.00
198919.9521.742.27112.08
199024.4124.312.14642.15
199123.0927.482.07741.75
199234.1425.511.96542.63
199338.2227.241.8712.63
199412.2926.331.76120.82
199516.8325.76861.68371.10
199621.9626.251.59341.33
199723.0029.421.49991.17
199848.3040.841.4241.68
1999120.3539.13911.34394.13
2000145.4344.241.26884.17
200168.4850.9931.22981.65
2002200.2751.6041.18974.62
2003240.1254.2031.13645.03
2004199.5356.041.06353.79
2005217.9155.08613.96

*in measuringworth.com

Graphically represented, it can be seen that the Arroyo Government, compared to previous administrations, has been the most aggressive in terms of foreign borrowings followed closely by the Erap Admin. The average foreign borrowings per year per administration are as follows:

Cory Aquino - 2.0 Billion US Dollars per year
Fidel Ramos - 1.6 Billion US Dollars per year
Erap Estrada - 3.3 Billion US Dollars per year
Gloria Arroyo - 3.8 Billion US Dollars per year (so far)

Update 03-19-2007: Relevant related commentary on this subject from caffeinesparks.

Update 08-13-2008: Related updates from the PCIJ.

2 comments:

HILLBLOGGER said...

cvj,

wow! Your blog is up and running!

Excellent - just excellent.

cvj said...

Thanks Hillblogger!