Impact Of Corruption In The Philippines: How Far Its Effects Have Come?

The impact of corruption in the country can't just be felt - even numbers can express them now. IMPACT OF CORRUPTION - Philippines is undeniably on the list of the most corrupt countries in the world. The realities around can even speak for it. Setting aside for now on who is really to be blamed, the officials who did not recognized the limits of their power or the people who gave them the power, let us dive deeper on the impact of corruption in the country base on a report in Rappler. P19.34 Trillion Lost Within 52 Years Starting 1960 A report by Global Financial Integrity entails that the country lost $410.5 billion or 19.34 trillion in Philippine currency. Going above the practical matters, the huge lost of the government due to corruption might have served better purposes if only handled well. It could have addressed the problems in education as truths be told that our schools funded by the state have still so much more to be improved. (Click on the next page to continue reading...) 2. P68.8 Billion Cheats In Tax Revenue The same website contends the cheats in tax revenue which is amounting to P 68.8 billion or taking $4 out of $5 unreported to the Bureau of Customs. 3. Global Corruption Perception Index: Philippines Ranks 95th Way back in 2014, it was mentioned on the report that Philippines ranks 85th in the Global Corruption Perception Index. Now, it is ten steps higher - the country is on the 95th rank. According to Transparency International, the trust given to private sectors have progressed. One report justifies that vows which have not been put into success yet causes the low result. (Click on the next page to continue reading...) 4. Filipino Businessmen Surveyed: BOC Is The Most Corrupt Gov't Agency Social Weather Stations (SWS) conducted a survey related to corruption and result of the said survey presented that 32% Filipino businessmen know about the corrupt habits going on in the government. Further, the Bureau of Customs is the most corrupt government agency for the Filipino businessmen surveyed. In fact, it is the only agency of the government which garnered a negative rating on sincerity survey conducted. 5. On Punishing Corrupt Officials A poll conducted by Social Weather Station revealed the thinking of the businessmen when it comes to punishing corrupt officials. Reality strikes that only 11% firmly believes that corrupt officials have to face what they are ought to face. (Click on the next page to continue reading...) 6. Filipino Families Bribing Government Agencies Often times, the term 'corrupt' gives us a picture of a politician but that is clearly not that way always. The Office of the Ombudsman found out in their survey in 2013 that Filipino families bribe government agencies. This is an undeniable fact in the present Philippine setting. For a speedy transaction, some private citizens agree to paying officials. This only proves that the agencies are more prone to corruption as the people themselves could be the sources or bridges as well. Further, there is also a low rate of people reporting to authorities when they are bribed by the government officers in agencies. Due to amounts that can be shouldered by the pocket, some allow it to happen. What is your view on this matter? Feel free to drop down your comments below. Thank you so much for sparing a bit of your precious time to read this blog site. You can SHARE this now with your family and friends on FACEBOOK or TWEET it on TWITTER to get others informed about it. You can also like our page on Facebook and visit our site more often for more informative updates that are truly worth a second to spare on.

Impact Of Corruption: How it affected PH?

The impact of corruption in the country can’t just be felt – even numbers can express them now.

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