Bureau of the Treasury
MANILA, Philippines – The Philippine government’s outstanding debt rose to yet another peak in May after the Bureau of the Treasury (BTr) took on more loans from domestic sources to meet financing needs despite pressures from the war.
Latest data from the BTr showed that outstanding debt as of end-May hit P18.55 trillion, up slightly by 0.41 percent from the P18.47 trillion logged in April.
READ: Weaker peso bloats government debt
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