Phl debt hits record P15.69 T in July
The Philippine Star|September 04, 2024
The issuance of domestic securities and other foreign borrowings pushed the country’s debt to P15.69 trillion in July, in yet another fresh high in outstanding obligations, according to the Bureau of the Treasury.
LOUISE MAUREEN SIMEON

Latest data from the Treasury showed that the national debt stood at P15.69 trillion as of end-July, the highest level to date.

This is also 10 percent higher than the P14.24-trillion debt in the same month last year.

For July alone, the government added some P206.5 billion to the debt pile, primarily driven by the net issuance of both domestic and external debt.

As of July, the outstanding debt is already 97.7 percent of the total expected debt for 2024 of a record P16.06 trillion.

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