The national government’s debt stock continued to rise in April this year, driven mainly by additional borrowings from both local and foreign creditors as well as the weakening peso against the US dollar, the Bureau of the Treasury reported. READ:
The national government’s debt stock continued to rise in April this year, driven mainly by additional borrowings from both local and foreign creditors as well as the weakening peso against the US dollar, the Bureau of the Treasury reported.
Of the total debt stock, 70 percent were domestically borrowed, while the remaining 30 percent are held by foreign banks. The Treasury bureau explained that the month-on-month rise in the local debt was primarily due to the net availment of domestic financing amounting to P66.3 billion. Dominguez said the debt problem incurred during the more than two-year Covid-19 crisis will be the biggest challenge for the next administration.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Gwen on Frasco’s new role in govt: I’m tremendously proud as mother, guvCEBU CITY, Philippines - The future of tourism in Cebu, and the entire Philippines for that matter, is bright.This was how Cebu Governor Gwendolyn Garcia described what’s in store for one of the
Baca lebih lajut »
Govt must encourage flexible work arrangementsEARLIER this year, the government caused some controversy when it announced that economic zone locators, primarily business process outsourcing (BPO) firms, would lose tax...
Baca lebih lajut »
Crisis-hit Sri Lanka hikes tax rates to maximize gov’t revenuesAn increase in VAT to 12% from 8% with immediate effect is among the key tax increases announced in Sri Lanka.
Baca lebih lajut »
PH losing $3.6-B investments on gov’t 'inconsistencies' -- SEIPITwo new potential expansion projects with estimated $400-million worth of investments and 25,000 job opportunities in the electronics manufacturing sector are feared to skip the Philippines...
Baca lebih lajut »
ECCP backs gov’t financial inclusion efforts - BusinessWorld OnlineThe European Chamber of Commerce of the Philippine (ECCP) said it intends to support the government’s attempts to bring financial services to all by setting up a Special Committee on Open Finance and Financial Inclusion (SCOFFI). READ:
Baca lebih lajut »