Facing the country’s ballooning debt: Do more loan-bolstered funds spell certain progress?

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Facing the country’s ballooning debt: Do more loan-bolstered funds spell certain progress? - Business Mirror

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They are lightweight, colorful and can be carried easily by their tiny and gentle hands.

She added that the audit would help improve the borrowing system by aligning debt with the country’s development goals and ensuring coherence across sectors, so borrowing is done with a clear sense of direction for the economy.

The DOF asserted that the Philippines is not at risk of a debt crisis as the Bureau of the Treasury (BTr) adopts a “prudent” and “proactive” stance to avoid it as implications can be massive and persistent.“Its borrowing decisions are guided by cash flow needs, risk and cost objectives to minimize risks from market movements and debt rollovers,” it added.