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NG debt balloons to P15.7T

THE national government's (NG) outstanding debt hit a new record high of P15.69 trillion in July, the Bureau of the Treasury reported on Tuesday.

A total of P206.49 billion was added to the debt tally from June's P15.48 trillion, the Treasury bureau said, and the count was also P1.45 trillion higher than year-earlier P14.24 trillion.