MANILA: The Marcos administration is hiking its borrowing plan for this year to 2.57 trillion pesos, as it also expects to plug a bigger budget deficit than it previously projected.
This is 4.47% higher than the previous 2024 borrowing programme of 2.46 trillion pesos, figures released on Monday by the Finance Department (DoF) showed.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
