Manila Times Business
NG debt slips to P18.47T
THE national government’s (NG) outstanding debt fell in April as domestic payments offset the impact of a weaker peso on the country’s foreign obligations. Bureau of the Treasury (BTr) data showed outstanding debt at P18.47 trillion as of the end of the month, down by P17.54 billion, or 0.09 percent, from the P18.49 trillion recorded in March. “The decline in debt was primarily driven by the government’s repayment of domestic securities, which more than offset the impact
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Source: manilatimes.net
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