NG gross borrowings markedly lower in Oct

Dec 02, 2024 12:16 am

GROSS borrowings by the national government fell in October as it markedly took on less debt, data from the Bureau of the Treasury showed.

In its latest cash operations report, the Treasury said that gross borrowings dropped by 42.6 percent to P129.26 billion in October from P225.20 billion a year ago.

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