The Philippine government’s outstanding debt in May rose slightly from April and a year earlier despite the peso showing strength during the month, pushed by higher foreign borrowings, data from the Bureau of the Treasury (BTr) showed on Thursday.
The government’s total debt in May amounted to P5.885 trillion, 0.03 percent higher month-on-month from April’s P5.883 trillion, and 2.3 percent higher than the P5.75 trillion in May 2015.
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