THE NATIONAL Government’s (NG) outstanding debt rose to a fresh high of P15.89 trillion as of end-September, but the Bureau of the Treasury (BTr) said this level is still “manageable.”
Data from the BTr on Wednesday showed that outstanding debt jumped by 2.2% to P15.89 trillion as of end-September from P15.55 trillion as of end-August.
“The total outstanding debt had a minimal increase of 2.2% compared to the end-August 2024 level due to the net availment of new external and domestic debt,” the BTr said in a statement.
Year on year, the debt stock increased by 11.4% from P14.27 trillion a year ago.
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