Gov’t debt inched up to new high of P16.92T in May

Gov’t debt inched up to new high of P16.92T in May

MANILA, Philippines – The government’s outstanding debt rose to a new record high of P16.92 trillion in May, with a strong peso helping temper the increase. Data from the Bureau of the Treasury (BTr) showed state liabilities inched up by 0.99 percent month-on-month. READ: Gov’t debt hit record P16.75T in April “The minimal increase was