PH debt spikes less concerning – PIDS

STATE think-tank Philippine Institute for Development Studies (PDS) said the country's most recent debt spike appears to be less concerning than previous debt episodes.

"This time it is different," said PIDS senior research fellow Margarita Debuque-Gonzales during a Wednesday briefing with Department of Finance officials and the media. Her statement is based on the main findings of a report she co-authored with Charlotte Justine Diokno-Sicat, John Paul Corpus, Robert Hector Palomar, Mark Gerald Ruiz and Ramona Maria Miral titled "Fiscal Effects of the Covid-19 Pandemic: Assessing Public Debt Sustainability in the Philippines."