THE NATIONAL Government’s (NG) outstanding debt hit P16.05 trillion at the end of 2024 amid higher debt issuances and a stronger dollar, the Bureau of the Treasury (BTr) reported on Tuesday.
Data from the Treasury showed outstanding debt rose by 9.8% or P1.44 trillion from P14.62 trillion at the end of 2023.
Month on month, the debt slipped by 0.2% from the record high P16.09 trillion as of end-November.
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