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Gov’t debt service declined in first 7 months

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The amount in debt that the government paid back in the first seven months of the year was over a fourth less than what it settled in the same period last year.

Posted: September 22nd, 2014 in Headlines | Read More »

Gov’t debt burden hit P5.6T in end-May

The national government’s debt declined month-on-month in May partly due to the stronger peso, which brought down the value of the state’s foreign exchange-denominated obligations, data released by the Bureau of the Treasury showed.

Posted: July 2nd, 2014 in Headlines | Read More »

Gov’t debt rises to P5.64T

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The national government’s level of debt rose marginally at the end of April as the government borrowed more during the period as tax and customs collections fell short of official targets.

Posted: June 4th, 2014 in Headlines | Read More »

DBM sets up P2B micro-finance program for Yolanda survivors

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A typhoon survivor takes a bath beside donated tents at typhoon-ravaged Tolosa town, Leyte province, on Dec. 9, 2013. The International Federation of the Red Cross and Red Crescent Societies, assisted by the Philippine Red Cross, handed over an initial donation of 500 shelter kits to Supertyphoon “Yolanda” survivors of Barangay Maya, DaanBantayan, Northern Cebu, to help families rebuild their homes. AP FILE PHOTO

The government has set up a P2-billon fund that aims to help small businesses get cheap financing to bring their lives back in order, create new jobs and revive the economies of areas still recovering from typhoon “Yolanda” (Haiyan).

Posted: May 7th, 2014 in Latest Business Stories | Read More »

Gov’t debt rose 4.9% to P5.59T in January, says BTr

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The government’s debt stock rose anew in January as the government continued to rely on borrowings to partly finance its expenditures.

Posted: March 19th, 2014 in Headlines | Read More »

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