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State has spent only 52% of proposed borrowings |

Chief minister Siddaramaiah has been tight-fisted in terms of spending loans which has led to a reduction in debt, but while his decision to borrow funds was severely criticised, he is now being accused of depriving the state of funds for development.

Govt to borrow P2 46T this year | The Manila Times

THE government will soon be tapping retail investors to address its budget deficit, the Finance department said on Friday, with the Bureau of the Treasury (BTr) targeting to issue a 30th tranche of retail Treasury bonds (RTBs) in the first quarter as part of plans to borrow P2.46 trillion this year.

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