Head Topics

National debt swells to new high of ₱10.33T in January

  • 📰 CNN Philippines
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 63%

Philippines Headlines News

Philippines Latest News,Philippines Headlines

After a slight fall in December, the country’s outstanding debt rose once more in January primarily due to government borrowing billions from the central bank to boost its COVID-19 war chest

The country’s outstanding loans ballooned to a fresh high of ₱10.327 trillion as of end-January, data from the Treasury Bureau showed.

Domestic borrowings comprised 71% of the country’s outstanding debt or ₱7.325 trillion in January, up 9.4% from the month prior.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Yan ang isa sa dahilan kung bakit ayaw patakbuhin ni PRRD ang anak nito sa pagkapangulo dahil sa laki ng utang na sasaluhin nito.

pero wala pa ring 'PURCHASED' COVID-19 Vaccines. Puro donations at galing sa COVAX facility pa rin ang inaasahan. Nasaan na ang mga inutang? Kaya pala mangiyak-ngiyak sila sa tuwa nang dumating ang mga donated vaccines; ang laki ng 'subi'.

How are we still yet living?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.