The Philippine government’s outstanding debt nears the P12-trillion mark in October this year due to higher domestic borrowings, the Bureau of the Treasury reported on Wednesday, Dec. 1. As of October 2021, the national government’s total debt reached P11.971 trillion, up by P54.48 billion compared with P11.917 trillion in the ...

Source: Manila Bulletin (https://mb.com.ph/2021/12/01/govt-debt-nears-p12-t-in-oct/?utm_source=rss&utm_medium=rss&utm_campaign=govt-debt-nears-p12-t-in-oct)