MANILA, Feb 7 (Reuters): The Philippines aims to raise US$23.71 billion from external sources to bridge a planned budget deficit and fund priority projects this year, including $5.5 billion from the commercial markets, the Department of Finance said on Sunday.
The amount is 39% higher than the US$17.01 billion the government raised from external sources last year for key infrastructure projects and for helping bridge a wider budget deficit due to state spending on Covid-19 response measures.
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