Preview

Graft and Corruption

Powerful Essays
Open Document
Open Document
3523 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Graft and Corruption
A. INTRODUCTION
In 1988, graft and corruption in the Philippines was considered as the "biggest problem of all" by Jaime Cardinal Sin, the Archbishop of Manila. Then President Corazon C. Aquino likewise despaired that corruption has returned. In 1989, public perception was that "corrupt government officials are greater threat to the country" than the communist guerrillas. In 1992, former President Fidel V. Ramos considered graft and corruption as the third major hindrance towards attaining his development strategy for the country.
A decade later, in 1998, the country got good marks from Transparency International and the Political and Economic Risk Consultancy (PERC), LTD. The Philippines then placed 6th out of the 11 Asian countries surveyed under the PERC corruption perception index (CPI), a measure of lost development opportunities in terms of investment.
However, while the anti-corruption landscape in the Philippines has improved, its low score of 6.5 still placed the Philippines as highly prone to corruption. In general, national and international opinion depict the Philippine as still corrupt and being unable to effectively fight this problem.
Indeed, today, graft and corruption in the Philippines remains. About 30 % of the national budget is reportedly lost to graft and corruption every year. Thus, the 1999 budget of P 590 billion pesos (approximately US$15.5 billion) will stand to lose about P 170 billion pesos (approximately US $ 4.47 billion).
The administration of President Joseph Ejercito Estrada has vowed to reduce graft and corruption by 80 % before the end of his term.
B. SPECIFIC TYPES OF CORRUPTION IN THE PHILIPPINES
There are 8 types of corruption frequently practiced in the Philippines namely: tax evasion, ghost projects and payrolls, evasion of public bidding in awarding of contracts, passing of contracts, nepotism and favoritism, extortion, protection money and bribery.
Tax Evasion
This is very rampant, particularly in the private sector due to

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Corruption is Social Evil

    • 516 Words
    • 2 Pages

    There are many myths about corruption, which have to be exploded if we really want to combat it. Some of these myths are: Corruption is a way of life and nothing can be done about it. Only people from underdeveloped or developing countries are prone to corruption. We will have to guard against all these crude fallacies while planning measures to fight corruption.…

    • 516 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    One area that has been identified to critically play a major role in the attempt to redeem the battered economies of Asia is graft and corruption. In fact, analysts and observers outside of Asia such as the United Nations (UN) and the International Monetary Fund (IMF) affirmed that eliminating graft and corruption is one of the issues that Asian countries should address if they really mean business.…

    • 1194 Words
    • 5 Pages
    Better Essays
  • Good Essays

    A Modern Malolos Republic

    • 934 Words
    • 4 Pages

    Corruption truly remains rampant in the Philippine society. What astounds me is the fact that it has been so rampant for so very long. According to Milagros Guerrero’s “The Underside of the Malolos Republic,” political corruption has been with the Filipinos since the very establishment of a republic in our country. Emilio Aguinaldo’s term as presidency seemed at-par with that of modern-day Filipino presidents like Joseph “Erap” Estrada or Gloria Macapagal “GMA” Arroyo in terms of its cleanliness and transparency.…

    • 934 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    public administration

    • 2338 Words
    • 10 Pages

    People behind this never think of the effect which is mainly the poverty. In which, everyone feels the effect of this; Philippine is not supposed to be a very poor country, we have lots of money, we have many resources, however, that most of its money is being directed into the pockets of corrupt officials instead of improving the country. The money could be directed to improving the country and the lives of the poor or communities projects, such as providing clean water, more hospitals or even add some institutions that will help improve the quality living of a person.…

    • 2338 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    This paper investigates the impact of the Securities Regulation Code (SRC) on the information efficiency of the Philippine stock prices. Research in other countries has shown that new regulation has had a long-term effect in improving the information efficiency of stock prices. The paper replicates those studies using a sample of 38 stocks drawn from listed Philippine companies for the period 1998-2008. The results show an improvement in information efficiency over the period and the significant impact of the SRC.…

    • 9052 Words
    • 37 Pages
    Powerful Essays
  • Good Essays

    The word corrupt when used as an adjective literally means "utterly broken".[1] The word was first used by Aristoteles and later by Cicero who added the terms bribe and abandonment of good habits.[2] According to Morris,[3] corruption is described as the illegitimate use of public power to benefit a private interest. Senior,[4] however, defines corruption as an action to (a) secretly provide (b) a good or a service to a third party (c) so that he or she can influence certain actions which (d) benefit the corrupt, a third party, or both (e) in which the corrupt agent has authority.…

    • 1248 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Questions on Corruption

    • 12483 Words
    • 78 Pages

    allegedly embezzled by the former presidents of Indonesia and Philippines, Mohamed Suharto and Ferdinand Marcos, are estimated to be two and seven times…

    • 12483 Words
    • 78 Pages
    Good Essays
  • Satisfactory Essays

    NMMN

    • 520 Words
    • 2 Pages

    The Philippines as we know, is a third-world country. There are many reasons as to why our country isn't as developed and successful compared to the other countries such as the United States of America, China and the rest… One of the major reasons why our country is at this state is because of corruption within the government. According to a research conducted by Transparency International, the Philippines has scored 36 out of a 100 in the Corruption Perceptions Index (100 being the cleanest and 0 being highly corrupt.). The Corruption Perceptions Index ranks countries/territories based on how corrupt a country’s public sector is perceived to be. Based on the statistics, we can truly say that there is corruption within the government of the Philippines. A factor to why other countries are successful is because there are no corrupt individuals in the government. They use the money for the improvement of the country and not for the joy of themselves. Living out the teaching of Diogenes (Sinope) will surely improve the Philippines.…

    • 520 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Philippine Economics

    • 2475 Words
    • 10 Pages

    While the economy has escaped recession, substantial erosion in human welfare is likely to occur given past failure to reduce poverty. The country’s GDP fell sharply from 7.1 percent in 2007 to 3.8 percent in 2008 and 0.9 percent in 2009. Considering the country’s rapid population growth rate of 2 percent a year, this means the per capita GDP in the Philippines for 2009 had a negative growth of 1.1 percent.…

    • 2475 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    A Korean

    • 1204 Words
    • 4 Pages

    Filipinos always complain about the corruption in the Philippines. Do you really thinkthe corruption is the problem of the Philippines? I do not think so. I strongly believe that the problem is the lack of love for the Philippines.…

    • 1204 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    poverty

    • 643 Words
    • 2 Pages

    As a citizen of the Philippines for almost eighteen years today, I’ve always dreaming of a better nation. I always want the Philippines to be in its highest glory. But as I witness it every day, the social problems in our country became worse as the time pass by. Just like the social reality that is mentioned in the film that poverty is the main problem of our country because corruption seems more fun in the Philippines – corrupt officials enjoy higher standard of living while millions pay the price of poverty, hunger and death. And still many of our countrymen lack basic access to health, food and shelter.…

    • 643 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Corruption is inevitable in the government. It has been proven that the Philippine government is…

    • 343 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    My Ideological Learnings

    • 1596 Words
    • 7 Pages

    Filipinos are known for having ningas cogon, a mentality wherein when a Filipino starts something, they won’t be able to finish it. This affects all Filipinos since even the people who hold powerful positions in government are not exempted from it too. Politicians usually step in to remind people of the power they possess to fix the matter, and to find justice. Unfortunately, it does not take long before everyone loses interest, and the next big scandal is simply a day away. Before you know it, the politicians have moved on to other projects, and what was once a great big scandal is left forgotten and unsolved.…

    • 1596 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Corruption is a serious obstacle to the social and economic development of a country. The biggest losers are the Filipino people. In effect, the end-users are made to pay for overpriced goods or services or are made to deal with low-quality or substandard goods or services.…

    • 1136 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Corruption as Immoral

    • 790 Words
    • 4 Pages

    When corruption is put into context, most people would think that it is about political matters. Looking into the Philippine setting, politicians are prominent for meddling with monkey-business as they work for the government, for the people and most especially, for themselves. The government of the Philippines has led to the State’s slow downfall for the grave and widespread corruption that it experiences.…

    • 790 Words
    • 4 Pages
    Good Essays