Outstanding debt climbs to P18.55 trillion. Bureau of the Treasury logo. FILE PHOTO MANILA, Philippines – The government’s outstanding debt rose to P18.55 trillion in May after taking on more
Outstanding debt climbs to P18.55 trillion. Bureau of the Treasury logo. FILE PHOTO
MANILA, Philippines – The government’s outstanding debt rose to P18.55 trillion in May after taking on more loans from domestic sources to meet its funding needs, according to the Bureau of the Treasury (BTr).
Latest data from the BTr showed the end-May level was 0.41 percent higher than the P18.47 trillion logged in April.
READ: Weaker peso bloats government debt
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