Govt debt hits P7.73T at end-2019

THE outstanding debt of the national government rose to P7.73 trillion at the end of 2019, primarily due to net availments and exchange rate adjustments, but its share to the economy improved, the Bureau of the Treasury (BTr) reported on Wednesday.

In a statement, the BTr said the amount was a 0.3-percent or P21.64-billion increase from the P7.70 trillion posted in end-November.