Weaker peso blamed as NG debt tops P16T

Dec 04, 2024 12:47 am

THE peso's weakening pushed the national government's (NG) outstanding debt to a new record high of P16.02 trillion in October, the Bureau of the Treasury reported on Tuesday.

A total of P126.95 billion was added to the debt tally from September's P15.89 trillion, and the count was also P1.54 trillion higher than the year-earlier P14.48 trillion.

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