NG debt hits record P19.4T

The Manila Times 20 h Philippines

CONTINUED borrowings and a weaker peso drove the national government’s (NG) outstanding debt to a new record high of P19.39 trillion in July, Bureau of the Treasury data showed on Thursday. The government’s debt stock rose 1.7 percent from June’s P19.07 trillion, increased by 10.39 percent year on year from P17.56 trillion, and was 9.5 percent higher compared to the P17.71 trilli

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