national government outstanding debt

National Government Outstanding Debt

October 12, 2020

FACTLET

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.

PH Debt: All’s well that swells

June 13, 2020

The finance department underscores the need for government to borrow from foreign sources to fund its economic recovery plan. Multilateral and country creditors have unsurprisingly exploited the situation and recycled funds to lend. But do we really need to borrow for COVID-19 response? How are we going to pay for all of these debts?