By Aubrey Rose A. Inosante, Reporter
THE NATIONAL Government’s (NG) outstanding debt rose to a fresh high of P16.09 trillion as of end-November, partly reflecting the impact of the peso depreciation on the value of foreign obligations, the Bureau of the Treasury (BTr) said.
Data from the BTr on Tuesday showed that outstanding debt inched up by 0.4% or P70.7 billion to P16.09 trillion as of end-November from P16.02 trillion as of end-October.
Year on year, debt jumped by 10.9% from P14.51 trillion.
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