10 Questions
True or false: When Aquino assumed the presidency in 1986, 25 percent of the government's budget was allocated to public sector enterprises?
True
True or false: Aquino had to write off P130 billion in bad loans granted by the government's two major financial institutions?
True
True or false: The bad loans were granted to individuals who held positions of power and conflicting interest under Marcos?
True
True or false: The inefficient and unprofitable public sector enterprises were a legacy of the Marcos years?
True
True or false: The Philippine National Bank and the Development Bank of the Philippines were the only government entities with bad loans?
False
True or false: Aquino assumed the presidency in 1986?
True
True or false: P31 billion was allocated to public sector enterprises when Aquino assumed the presidency?
True
True or false: Aquino had to write off P130 billion in bad loans granted by the government's two major financial institutions?
True
True or false: The bad loans were granted to individuals who held positions of power and conflicting interest under Aquino's predecessor?
True
True or false: Aquino inherited 296 public sector enterprises from his predecessor?
True
Study Notes
Aquino's Presidency in 1986
- In 1986, P31 billion (over 25% of the government's budget) was allocated to public sector enterprises, including government-owned or controlled corporations, in the form of equity infusions, subsidies, and loans.
- P130 billion in bad loans were written off, which were granted to those who held positions of power and conflicting interest under Marcos.
- The Marcos era left a legacy of inefficient and unprofitable public sector enterprises and bad loans held by the Philippine National Bank, the Development Bank of the Philippines, and other government entities.
Inherited Burden
- The Aquino administration inherited 296 public sector enterprises.
- An additional 399 nonperforming assets were transferred to the government by the Philippine National Bank and the Development Bank of the Philippines.
Quiz: "Aquino's Economic Policies in the Philippines" Test your knowledge on the economic policies of President Aquino in the Philippines during his presidency in 1986. Explore topics such as budget allocation to public sector enterprises, equity infusions, subsidies, loans, and the write-off of bad loans by the government's financial institutions.
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