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Debt-to-GDP ratio inches up to 60.9% in 2nd quarter

Business Mirror LogoBusiness Mirror14h ago

Debt-to-GDP ratio inches up to 60.9% in 2nd quarter - Business Mirror

Quick Summary:

THE national government’s debt-to-GDP ratio, or debt stock compared against its gross domestic product, inched up to 60.9 percent in the second quarter of 2024, according to the Bureau of the Treasury (BTr).

The bulk of the government’s outstanding debt is domestic debt at 68.29 percent or P10.573 trillion.

The government projects a full-year fiscal deficit equivalent to 5.6 percent of GDP from the 6.2 percent in 2023 in line with fiscal consolidation efforts, the Treasury said.Who won gold today?


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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 17:53:03 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 510 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21991621

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About Business Mirror

Business Mirror Logo

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 49 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 14 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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  • URL: https://beamstart.com/news/debt-to-gdp-ratio-inches-17231448106383

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