PH debt reaches new record at P12.79T

By Mayvelin U. Caraballo

Aug 06, 2022 12:28 am

THE amount of the national government's outstanding debt has climbed by more than P290 billion, setting a new record P12.79 trillion at the end of June this year, according to Bureau of the Treasury (BTr) data.

In a statement on Friday, the BTr ascribed the growth to 'net issuances of domestic and external loans as well as currency adjustments.'

The Bureau of Treasury. PHOTO BY AARON RONQUILLO

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