Out of 3 trillion of our national budget , 400 billion goes to debt repayments . Most of our debts were incurred during the Marcos era and we are still paying and will continue to pay for those debts in the foreseeable future . Marcos had a lot of overpriced projects that his fanatics praised him for without thinking of the repercussions for undergoing such projects . Take the Bataan Nuclear Power Plant as an example . It had a similar sister plant in Korea . The Koreans paid only $ 300 M for theirs we paid over $ 1 B for ours . Marcos didn ' t care about the future of the country . He was busy making himself and his cronies rich by borrowing money left and right for his overpriced government projects . The kickbacks were simply too lucrative to pass up .