Philippines plans RM206bil in borrowing to fund 2024 budget


MANILA, June 23 (Reuters): The Philippines will borrow 2.46 trillion pesos (US$44.24 billion - RM206 billion) to fund its budget next year, Budget Secretary Amenah Pangandaman has announced.

Of the borrowings, 25% will come from overseas sources and 75% domestically, the Philippine Treasury said. ($1 = 55.61 Philippine pesos)

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Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

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Philippines , Big Borrowings , Budget 2024

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