THE NATIONAL GOVERNMENT (NG) is looking to borrow P2.57 trillion this year, mostly from the domestic market, the Department of Finance (DoF) said on Monday.
In a statement, the DoF said this is 5% higher than its original P2.46-trillion program.
National Treasurer Sharon P. Almanza said the revised borrowing plan was the result of the adjustment in the budget deficit ceiling during the Development Budget Coordination Committee (DBCC) meeting earlier this month.
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