The ratio of general government debt against gross domestic product (GDP) dropped to 36.4 percent in 2014 from 39.2 percent a year earlier, the Department of Finance (DOF) said, although the absolute level of debt showed a slight increase.
The latest DOF data shows government debt stood at P4.6 trillion last year, up 1.6 percent from P4.5 trillion posted in 2013.
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