The Finance Department has secured loans worth $18.4 billion from foreign sources to support planned spending under the national budget and for key government projects, an agency official said Friday.
The government also raised $8 billion from commercial markets from its foreign-dominated bond offerings. "We have normal or program expenditures to run a government. On top of that, because of the pandemic, we need to give money for social amelioration, we need to provide money to increase healthcare capacity. We need additional money to basically support the poor," Joven explained.
Utang pa more. DutertePalpak
cory's tenure bayad all utang.presidents in $billion surpluses: fidel $5 billion,erap $15 billion,gloria $30 billion,noynoy $60 billion. like rody's predecessor Marcos $kulelat & nega economy. keeping the PH ship from sinking & economy afloat has been LOCKDOWN: ABS-CBN FRANCHISE.
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