The Philippine government on Sunday unveiled plans to secure nearly $40-billion worth of assistance and loans from development partners and bilateral lenders next year, with the running debt stock at a fresh record high as of end-October.
According to the Office of the Press Secretary , the government is set to secure $19.1-billion worth of official development assistance in 2023, following the $85.5-million worth of grants and technical assistance implemented this year.
The administration also eyes $9.2-billion worth of loans from multilateral development partners, and $9.8 billion in loans from bilateral lenders in the coming year.outstanding debt stock stood at P13.64 trillionIn the same statement, the OPS said collections of the main revenue agencies — the Bureau of Internal Revenue and the Bureau of Customs — reached P3.2 trillion based on the year-end report of the Department of Finance .
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