THe ratio of national government debt to gross domestic product (GDP) narrowed to 45.4 percent in 2014 from 49.2 percent a year earlier, the Bureau of the Treasury (BTr) said.

The bureau said the improvement in the debt ratio resulted from strong economic growth and a marginal increase in nominal debt as borrowings dropped amid a narrowing deficit.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details