‘Global risks to hurt debt-GDP ratio goals’

Quick Summary:

WHILE the government’s debt-to-GDP ratio is projected to fall below the internationally accepted threshold of 60 percent by 2026, a think tank warned that a global economic slowdown could cause it to reach 70 percent.

The government’s outstanding debt reached P15.893 trillion as of the third quarter of 2024.

Prepandemic debt-to-GDP level was at 39.6 percent in 2019, but has shot up to 61.3 percent as of the third quarter of 2024.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: PhilippinesMali

Topics: Growth Ratio Debt-to-gdp Government Percent Rates Economic Interest Debt Government’s Borrowings

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-01 @ 16:20:00 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Readers: 57 people read this story

Article Length: 473 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 27 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 24011712

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 49 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 9 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #37

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