The ratio of general government debt to the country’s gross domestic product (GDP) dropped slightly in the first semester of 2016 as the Philippine economy grew faster than the increase in its obligations, the Department of Finance (DOF) said on Sunday.
DOF data released Sunday showed the general government debt-to-GDP improved to 35.4 percent as of end-June from 36.1 percent a year earlier and from 35.8 percent as of end-March.
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