Budget Secretary Amenah F. Pangandaman said on Friday, June 23, that the national government is planning to borrow P2.46 trillion in 2024, an increase of 12 percent from this year's P2.2 trillion program.
The remaining balance of P615 billion, or 25 percent of the total, will be obtained from overseas markets. Of the total debt, 68 percent was domestically borrowed, while the remaining 32 percent was sourced from overseas lenders.
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