Govt debt still 'reasonable'

Jul 10, 2023 12:47 am

THE Marcos administration isn't worried about the government's outstanding debt, Finance officials said, despite admitting that this year's target could be breached after a new record high of P14.09 trillion was hit in May.

Speaking to reporters last Friday, Diokno said the appropriate measure for assessing public debt was not its absolute level but rather its proportion to economic output.

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