Total state obligations increased by 206.49 billion peso in July, up by 1.3% from the previous month. — Reuters
MANILA: Government debt rose to a fresh high of 15.69 trillion peso or about US$277.8bil at the end of July, primarily driven by new issuance of government securities and project loans, albeit partially offset by stronger peso, the Bureau of the Treasury (BTr) says.
The BTr showed that total state obligations increased by 206.49 billion peso in July, up by 1.3% from the previous month.
