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MANILA, Philippines — The government’s debt reached a new record high of P14.51 trillion in November 2023, increasing by P27.92 billion from the previous month. This rise was influenced by higher borrowing costs and increased inflation, leading…
The national government needs to further intensify revenue collection of existing taxes and come up with new ones as its debt stock breached the P13-trillion mark at P13.02 trillion as of the end of August, with new…
The national government’s outstanding debt inched closer to the P13-trillion mark, reaching a new high of P12.89 trillion in July due to additional local and foreign borrowings, aggravated by a weak peso. The latest Bureau of the…
MANILA, Philippines — The next administration will need at least P326 billion in new revenues each year to cover the principal and interest payments for the country’s debts incurred amid the COVID-19 pandemic. House ways and means…
Additional domestic and foreign borrowings plus a weaker peso further hiked the national government’s outstanding debt to a new high of P11.92 trillion in September. The latest Bureau of the Treasury (BTr) data on Friday showed end-September…
MANILA, Philippines—The national government’s outstanding debt will further climb to a record P13.42 trillion by the end of 2022 even as next year’s gross borrowing was expected to be a smaller P2.47 trillion in accordance with the…
This year’s expected weak revenue take has forced the government to borrow more and in the process jack up the debt stock to a record-high P9.59 trillion by year’s end. The Cabinet-level Development Budget Coordination Committee’s (DBCC)…
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