By Aubrey Rose A. Inosante, Reporter
THE NATIONAL GOVERNMENT’S (NG) outstanding debt rose to a record P16.75 trillion in the first four months amid a modest uptick from March that was tempered by a strong peso, according to the Bureau of the Treasury (BTr).
Treasury data showed that outstanding debt inched up 0.41% or P68.69 billion from end-March. Year on year, the debt rose 11.56%.
“The uptick was minimized by the significant appreciation of the peso, which reduced the effect of additional borrowings in line with the fiscal program,” the BTr said in a statement on Tuesday.
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