[Teaser to Headlines of the Connection] Lipa CIty: On a borrowing binge, with councilors’ nod

 

LIPA CITY–The city government of Lipa will be negotiating big-ticket loans for two infrastructure projects. Public finance experts think all the more local government units like Lipa City should seek loans for their projects. While there is nothing wrong with LGUs financing their projects through loans (a scheme the national government also does), oppositionists to the loan-financed projects wonder if the city can re-pay these loans. The question is if the city government has the assets that can be collateralized in making these loans. The stories and infographics can help answer the question.

 

Click story here: Loans for parking bulding in market: P300M

 

Click story here: Loans for hospital equipment: P150-P170M

 

Click infographics here: Insights on Lipa City’s loans

About Jeremaiah Opiniano