Politics Economy Country 2026-02-03T07:23:20+00:00

Philippines President concerned about impeachment's impact on economy

Philippines President Ferdinand Marcos Jr. is concerned about the potential impact of the impeachment complaint on the country's economy, particularly economic stability. Despite his confidence in his innocence, he fears the negative effects of the complaint on the economy.


Philippines President concerned about impeachment's impact on economy

Claire Castro said the President is worried not for himself but for the broader consequences of the impeachment move. 'I have already said that the filing of an impeachment complaint against the President will not affect the President alone, but the entire country and the economy,' Castro said. She added that while Marcos is confident he has committed no impeachable offense, he is concerned about how the complaint could affect economic stability. 'The President is concerned about the impeachment complaint filed against him not for his own sake, because he knows he has done nothing wrong,' Castro said. The House Committee on Justice earlier ruled that two impeachment complaints against the President were sufficient in form. The first complaint was declared sufficient in form with 46 votes in favor, one against, and one abstention, while the second garnered 35 affirmative votes, nine negative votes, and one abstention. A complaint deemed sufficient in form must be based on personal knowledge and/or supported by authentic documents. Despite the impeachment complaints, Castro said the President continues to work and fulfill his duties, stressing that the issue will not affect the performance of his official functions.