The national government’s outstanding debt expanded 2 percent or P113.34 billion year-on-year to P5.723 trillion in September, the Bureau of the Treasury (BTr) said on Thursday, attributing the increase to higher borrowing and the impact of the peso’s weakness on debt repayments.
Compared with the previous month’s level, the debt figure in September was higher by 0.2 percent or P9.461 billion from P5.713 trillion recorded in August.
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