The Philippine national government debt’s stock increased by 2 percent to reach yet another record high of P13.7 trillion at end-January, representing an additional P280 billion that month, according to the Bureau of the Treasury. | RonWDomingoINQ /PDI
The Philippine national government debt’s stock increased by 2 percent to reach yet another record high of P13.7 trillion at end-January, representing an additional P280 billion that month, according to the Bureau of the Treasury.
In January, local debt increased by 1.9 percent or P176.55 billion to P9.38 trillion mainly because the government’s new borrowings were more than the payments made that month.For the same reason, foreign debt increased by 2.4 percent or P103.08 billion to P4.31 trillion. Also in January, the Philippine peso’s appreciation relative to the US dollar trimmed the peso value of foreign currency-denominated debt by P93.84 billion. However, this was not enough to prevent an overall increase in the debt stock.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Senate passes bill limiting fixed terms in AFP to chief of staff, 4 othersUnder SB 1849, the fixed terms in the AFP will be limited to five tenured key officers: AFP chief of staff: a maximum tour of duty of three years; Philippine Military Academy superintendent: a maximum tour of duty of two years; and commanding generals of the Philippine Army and Philippine Air Force, and flag officer of the Philippine Navy: a tour of duty of two years.
Read more »
Another blatant violation of Philippine territorial integrity'Pag-asa Island is a municipality of Kalayaan Province of Palawan and is home to 400 Filipino citizens together with the
Read more »
First Drive: 2023 Honda Civic Type R | CarGuide.PH | Philippine Car News, Car Reviews, Car Prices
Read more »
Palace: PDEA report says P592 million worth of illegal drugs seized in JanuaryMANILA, Philippines — Government authorities have confiscated around P592 million worth of illegal drugs in January, Malacañang said Monday. Citing the report of the Philippine Drug
Read more »
PDEA: P592-M drugs seized in JanuaryThe Philippine Drug Enforcement Agency (PDEA) reported a total drug haul amounting to P592 million in January from anti-illegal drugs operations, Malacañang said on Monday. In a report submitted to
Read more »