The ratio of general government debt to the country’s gross domestic product (GDP) dropped slightly to 36.3 percent in 2015 from 36.4 percent a year earlier, although the absolute level of debt increased, the Department of Finance (DOF) said on Friday.
The DOF claimed that the 2015 general government debt-to-GDP ratio was the lowest in 18 years or since the 51.1 percent in 1998.
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