Govt debt hits fresh record high

By Mayvelin U. Caraballo

Aug 31, 2021 8:32 pm

THE government's outstanding debt hit a fresh record high of P11.61 trillion at the end of July, according to the Bureau of the Treasury (BTr), due to increased domestic and external liabilities.

BTr data showed that the total was up 4 percent, or P444.43 billion, from P11.16 trillion at the end of June.

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