The Department of Finance (DoF) stressed that any economic stimulus plan must be fiscally sustainable as government borrowings surpassed the P1-trillion mark in the first four months of the year.

In a statement on Tuesday, the Finance department said data from the Bureau of the Treasury showed that state financing surged to P1.22 trillion at end-April 2020.

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