Posts tagged ‘Reynato Puno’

YAD Cebu calls for Moratorium on Debt Payments, 6% of GNP to Education

From the weekly column of Atty. Gloria Estenzo-Ramos of the University of Cebu College of Law, Green Forum, and the Integrated Bar of the Philippines- National Environment Action Team (IBP-NEAT), published by Cebu Daily News yesterday.

Moratorium on odious debts

By Gloria Ramos
Cebu Daily News
First Posted 16:34:00 06/16/2008

“Moratorium,” according to Merriam-Webster’s Online Dictionary, means “suspension of an activity.” Recently, Youth Against Debt (YAD) called for a debt moratorium and for government to prioritize funding for education. The 1987 Constitution mandates the State to “assign the highest budgetary priority to education,” yet education spending was only 2.26 of the Gross National Product (GNP) in 2007. This falls below the accepted international standard for financing education, called the UNESCO Delors Benchmark, which set the education expenditure of developing countries at six percent of the GNP.

(more…)

June 17, 2008 at 12:58 am Leave a comment


What is the Six will Fix! campaign?

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The Six will Fix! campaign is a campaign spearheaded by the Youth Against Debt (YAD) calling for an automatic appropriation law for education pegged at 6% of the GNP as prescribed by the Delors Commission of the UNESCO.

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