The national government’s borrowing breached the P1-trillion mark in the first-quarter of the year as the Duterte administration takes advantage of low interest rates in bridging the wider gap between its expenditures and revenues. Data from the Bureau of the Treasury showed that gross borrowings of the national government reached ...

Source: Manila Bulletin (https://mb.com.ph/2021/05/03/govt-borrowings-breach-p1-t-in-q1/?utm_source=rss&utm_medium=rss&utm_campaign=govt-borrowings-breach-p1-t-in-q1)