April govt debt rises 6.2% to P5.6T

THE national government’s outstanding debt stood at P5.64 trillion in April, up 6.2 percent from the P5.308 trillion recorded in the same month last year, with both domestic and foreign borrowings rising to finance expenditures and plug a budget deficit.

Data from the Bureau of Treasury showed that domestic and external obligations increased by 7.2 percent and 4.5 percent, respectively, from their year-earlier levels.