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LGUs seeking clearance to borrow surge in May
LOCAL GOVERNMENT UNITS (LGUs) receiving Department of Finance (DoF) certification of their borrowing capacity more than doubled in May, the Bureau of Local Government Finance (BLGF) said. The BLGF said it issued 20 new Certificates of Net Debt Service Ceiling and Borrowing Capacity in May, against eight certificates a year earlier. LGUs are required to […]
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Source: bworldonline.com
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