Marcos has promised gifts galore. Can the Philippines afford them?

It felt like Christmas in July in the Philippines this week, as President Ferdinand Marcos Jnr delivered his State of the Nation Address on Monday with a veritable haul of gifts: cheap rice, free laptops, free bus rides and expanded healthcare. Yet for all the gift-giving flourish and parade of populist promises, one question remained – who will foot the bill? The annual State of the Nation Address (SONA) has long served as a platform for Philippine presidents to trumpet their achievements and...