Originally published byPhilippine Daily Inquirer
MANILA, Philippines The national government’s outstanding debt climbed to a fresh record high of P18.49 trillion at end-March, nearing its programmed ceiling for the year as the continued depreciation of the peso inflated the value of foreign obligations. According to the Bureau of the Treasury (BTr), the latest debt level was nearly 2 percent higher […]...
Keep on reading: Weaker peso bloats government debt
Keep on reading: Weaker peso bloats government debt
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