Govt gross borrowings soar to P259.3B

Jul 01, 2024 12:17 am

THE national government's gross borrowings ballooned to nearly P260 billion in May as both foreign and domestic debt surged, latest Bureau of the Treasury data showed.

Based on the bureau's latest cash operations report, overall borrowings totaled P259.33 billion for the month, up 76.7 percent from P146.78 billion a year earlier. It also surged from the P89.20 billion recorded in April.

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