Data from the Bureau of the Treasury showed total borrowings as of end-September reached P2.3 trillion, 31.4 percent higher than the P1.75 trillion in the same period last year.
This means that as of the end of the third quarter, the government already used up 89.4 percent of the P2.57-trillion borrowing plan it crafted for the year.
About 78 percent of the borrowings were sourced from local lenders at P1.8 trillion, 34 percent above the P1.34 trillion in end-September last year.
Bu hikaye The Philippine Star dergisinin October 28, 2024 sayısından alınmıştır.
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Bu hikaye The Philippine Star dergisinin October 28, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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