BusinessWorld E-paper
July 05, 2023
THE National Government’s (NG) outstanding debt hit a record P14.1 trillion as of end-May, the Bureau of the Treasury (BTr) said on Tuesday.
Preliminary data from the BTr showed outstanding debt inched up by 1.3% from P13.91 trillion at the end of April, “due to the net issuance of domestic and external debt and the depreciation of the local currency against the US dollar.”
