Manila’s debt hits fresh high in April as govt borrowings rise

Since the beginning of the year, the country’s debt has risen by 4.37% or 701.37 billion peso. — Philippine Daily Inquirer

MANILA: The latest data from the Bureau of the Treasury (BTr) show state liabilities inched up by 0.41% or 68.89 billion peso (US$1.2bil) on a month-on-month basis.

Since the beginning of the year, the country’s debt has risen by 4.37% or 701.37 billion peso.