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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 »

PH falls further into debt on ‘Yolanda’ efforts

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The government fell further into debt at the end of the first quarter as the government borrowed more to fund reconstruction efforts in areas affected by Supertyphoon “Yolanda” late last year.

Posted: May 6th, 2014 in Headlines | Read More »

PH debt-to-GDP ratio dropped in 2013

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The Aquino administration’s effort to get its finances in order continues to pay off as the state’s outstanding obligations declined at the end of last year, according to official data released Friday.

Posted: May 3rd, 2014 in Headlines | Read More »

Govt debt down relative to GDP

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AP FILE PHOTO

The Aquino administration’s efforts to get its finances in order continued to pay dividends as official data released Friday showed the state’s indebtedness, measured as a proportion of the gross domestic product, declined at the end of last year.

Posted: May 2nd, 2014 in Latest Business Stories | Read More »

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 »

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