THE national government's outstanding debt ballooned to a new record high of P15.35 trillion in May as the peso weakened, the Bureau of the Treasury reported on Thursday.
"Total debt increased by P330.39 billion, or 2.2 percent, from the end-April 2024 level, primarily due to the impact of local currency depreciation on the valuation of foreign currency-denominated debt," the Treasury said in a statement.
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