Government debt hits fresh all-time high in September

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THE national government’s (NG) outstanding debt reached a new record high in September, when it widened to P15.893 trillion, according to the Bureau of the Treasury (BTr).

The government’s expected budget deficits in the coming months would also require increased borrowings, which will add up to the outstanding debt stock.

External loans, including direct and assumed loans, went up by 12.2 percent to P2.245 trillion from the previous year’s P2.113 trillion.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: PhilippinesJapan

Topics: Outstanding Government’s Securities Data Percent Trillion Treasury External Government National Debt

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 16:23:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 519 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 33 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 23340657

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