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President Rodrigo Duterte MANILA - President Rodrigo Duterte on Thursday said the Philippine government has been forced to borrow money due to a lack of fund sources. Duterte gave the explanation, as the country's outstanding debt rose to PHP12.09 trillion, as of end-February. In a speech delivered in Lapu-Lapu City, Duterte stressed the need for government borrowings, saying the money would be used to finance big-ticket projects. "The government is like a house. Ngayon, ang sweldo ko, ganito lang (Now, my salary is just this much), pero (but) my house needs [repair]. The roof is leaking o (or) you need another balay (house). Wala kay kwarta (You have no money), then you borrow," he said during the joint meeting of the National and Regional Task Forces to End Local Communist Armed Conflict. Duterte said his administration was left with no choice since revenue collection is not sufficient. Just like the private companies, the government has to borrow to avoid "collaps

La unionLapu cityBureau of treasury btr onRodrigo duterteRegional task forcesEnd local communist armedPresident rodrigo duterte manila on thursday said the philippine government has been forced to borrow money due toa lack of fund sources gave explanationS the country 39s outstanding debt rose to php12 09 trillionS of end february ina speech delivered in lapu cityUterte stressed the need for government borrowingsAying the money would be used to finance big ticket projects quot government is likea house ngayonNg sweldo koAnito lang nowY salary is just this muchEro but my house needs repair the roof is leakingo or you need another balay wala kay kwarta have no moneyHen you borrow