“President Ferdinand “Bongbong” Marcos signed a new law prohibiting the Philippines from borrowing money.”
Social media posts
Claim dated 1 Jun 2025.
Vera Files rated thisFalse
What Vera Files found
President Ferdinand “Bongbong” Marcos did not sign a new law prohibiting the Philippine government from borrowing money.Neither is there a provision in the Maharlika Investment Fund Act signed in 2023 that prevents the country from domestic or foreign borrowing.
Their words, from the summary they publish with the rating.
In short
This claim spread on social media around 1 June 2025. Vera Files (Philippines) looked into it and published its finding on 9 June 2025, 8 days later. Its rating was “False”.
Where the claim appeared
Links recorded by Vera Files. Some posts may have been deleted since.
This check was done by Vera Files, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.
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