THE Bureau of the Treasury (BTr) announced on Saturday, September 3, that the national government's total outstanding debt reached P12.89 trillion at the end-July 2022 level, up by 9.9 percent from the beginning of the year.

According to the agency's data, the additional P96.09 billion (0.8 percent) in debt starting from the end of June 2022 was due to additional local and foreign borrowings as well as currency adjustments.

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