Govt gross borrowings surge to nearly P420B

Apr 15, 2024 12:35 am

THE national government's gross borrowings rose to almost P420 billion in February amid a rise in domestic debt, latest Bureau of the Treasury data showed.

Based on the bureau's latest cash operations report, overall borrowings totaled P419.97 billion for the month, up 22.21 percent from P343.62 billion a year earlier. It was also more than double the P203 billion recorded in January of this year.

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