National Government Outstanding Debt

October 12, 2020

by IBON Media & Communications

DEBT IS SOARING. The Bureau of the Treasury recently reported that national government’s outstanding debt reached Php9.6 trillion as of August 2020. This isn’t the end of it though, as debt is projected to reach Php10.2 trillion by the end of 2020, then Php12 trillion in 2021, and Php13.7 trillion in 2022.

Related read: https://www.ibon.org/duterte-govt-just-cant-debt-enough/