MANILA, Philippines – The Philippine government’s debt burden eased in August after it settled its largest local bond of the year. This development provides policymakers with some breathing room in managing public finances.
Data from the Bureau of the Treasury showed that total obligations stood at P17.47 trillion. This figure represents a decrease of 0.5 percent, or P95 billion, compared to previous levels.
https://business.inquirer.net/549989/ph-government-trims-monthly-debt-after-local-bond-repayment
