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International creditors urged to cancel PH debt

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International creditors should cancel the Philippines’ debt and provide unrestricted grant aid instead of new loans, as the country continues to reel from the ill effects of Super Typhoon Yolanda, according to one of the United Nation’s (UN) independent experts on human rights.

Posted: April 9th, 2014 in Headlines | Read More »

More foreign debts retired by PH in ’13

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The Philippines prepaid more foreign debts in 2013 than the year before, thus causing its outstanding obligations to non-Filipino creditors to decline. AP FILE PHOTO

The Philippines prepaid more foreign debts in 2013 than the year before, thus causing its outstanding obligations to non-Filipino creditors to decline.

Posted: April 2nd, 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 »

Biz Buzz

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First the good news: As has been reported earlier, President Aquino had his driver’s license renewed last week like “mere mortals” around their birthdays. True to form, the President insisted on not receiving any special treatment, arriving at the Land Transportation Office’s Tayuman office on board a Toyota Innova vehicle, without his usual 12-vehicle security convoy, and without any media people in tow.

Posted: February 9th, 2014 in Headlines | Read More »

Gov’t debt stock up 5.4% in Oct.

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The outstanding debt of the government rose further in October as the state continued to take out loans to support its expenditures.   The Bureau of the Treasury on Wednesday reported that the government’s outstanding debt reached P5.65 trillion as of the end of October—up by 5.4 percent year on year.   But finance officials [...]

Posted: January 9th, 2014 in Headlines | Read More »

Growth of economy outstrips rise in gov’t debt

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The outstanding debt of the government rose anew in September as it continued to rely on borrowings to help meet its expenditure requirements.

Posted: November 29th, 2013 in Headlines | Read More »

In 2014, PH sees continuing decline in debt

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Photo by INQUIRER.net

The Philippine government’s debt burden is poised to sustain its declining trend in 2014 and help further boost the country’s credit standing.

Posted: November 22nd, 2013 in Latest Business Stories | Read More »

Gov’t debt rises to P5.46T; finance execs still upbeat

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Photo by INQUIRER.net

The government’s outstanding debt rose to P5.46 trillion in July—5.8 percent higher than the P5.16 trillion recorded in the same month last year, the Bureau of the Treasury reported on Tuesday.

Posted: October 23rd, 2013 in Latest Business Stories | Read More »

Public sector debt up 4.6%

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The country’s public sector debt rose in the first quarter from a year ago as various government entities borrowed funds to partly support operations.

Posted: October 18th, 2013 in Headlines | Read More »

Gov’t debt seen to exceed P6T

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The government’s debt stock is expected to exceed P6 trillion in 2014.

Posted: August 22nd, 2013 in Headlines | Read More »

Gov’t debt rose to P5.45T in end-June

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The Department of Finance has reported that the budget deficit for the first 10 months of the year was only P74.25 billion, barely a quarter of the P300 billion intended spending in excess of the national budget this year.

The outstanding debt of the national government rose further in the first semester as shortfalls in revenue collection forced a sustained dependence on borrowings.

Posted: August 16th, 2013 in Editor's Pick,Headlines | Read More »

BTr: Gov’t borrowed less, settled more debt in 1st quarter

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FILE PHOTO

The government’s financing position in the first quarter showed a net payment of P797 million, a reversal from the P162.6-billion net borrowing recorded in the same period last year, according to the Bureau of the Treasury (BTr).

Posted: May 6th, 2013 in Latest Business Stories | Read More »

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