The Philippine government’s running debt balance widened further and reached a new record-high as of end-March this year amid continued borrowing efforts to boost the state’s war chest for COVID-19 recovery measures coupled with a weaker local currency during the period, the Bureau of the Treasury (BTr) reported Thursday.
PH debt balloons to new ₱12 68-T high as of end-March cnnphilippines.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnnphilippines.com Daily Mail and Mail on Sunday newspapers.
Treasury data showed that the end-February national government outstanding debt amounted to P12.09 trillion, 0.5% or P63.828 billion higher than the P12.029 trillion recorded as of end-January.
THE national government’s outstanding debt rose to another record-high level in February this year, and may continue to increase in the coming months, due largely to more borrowings and the expectation of a weak currency ahead. On Thursday, the Bureau of Treasury (BTr) reported that the national government’s (NG) total…
The central bank’s auction of 28-day securities facility fetched a higher yield and bids amounting to P141.95 billion against an offer size of P100 billion. Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila Jr. said on Friday, March 18, that BSP bills’ auction continued to refle