THE outstanding debt of the national government hit the P6-trillion mark in September, rising significantly from a year earlier and from August on the back of a sharp depreciation of the peso against the US dollar and other major reserve currencies.
Data released over the weekend by Bureau of the Treasury (BTr) showed the national government’s outstanding debt climbed to P6.08 trillion in September from P5.93 trillion a year earlier, reflecting a 2.5 percent or P150.98 billion increase.
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