From Debt to Durability
From Debt to Durability: Integrating Magalong's Role in Philippine Governance Reform by Amiel Roldan September 14, 2025 The Philippines faces an acute governance crisis: a ₱15.589 trillion national debt, a projected ₱1.712 trillion budget deficit in 2025, and rampant ghost flood-control schemes siphoning up to 20 percent of public funds. Recent events—from high-level graft charges to the creation of specialized investigation bodies—underscore both the depth of structural rot and the momentum for reform. This essay weaves in the latest presidential actions, notably the launch of Executive Order No. 94 and the designation of Baguio City Mayor Benjamin Magalong as special adviser, aligning policy proposals with on-the-ground shifts to chart a path toward accountable, resilient governance. 1. Fiscal Fragility Meets Sovereign Risk Despite efforts to manage borrowing, the government's debt load hit a record ₱17.56 trillion in July 2025, surpassing targets and amplifying conc...