The national government debt climbed to a record P14.24 trillion as of end-July 2023 from P14.15 trillion in June on
the increased public borrowing to finance the budget deficit, the Bureau of the Treasury said Friday.
It said of the total debt stock, 31.1 percent was sourced externally, while 68.9 percent represented domestic borrowings. Domestic debt amounted to P9.81 trillion, P109.54 billion or 1.1 percent higher than the end-June 2023 level.
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