DOF: PH not falling into debt trap 108 SHARES Share it! Dominguez added that estimated project debt to China will only constitute 0.65 percent of the government’s total debt from the current 0.11 percent. Meanwhile, project debt to Japan will increase from the current 3.17% to 8.90% of the total debt at the end of the year. “By 2022, when most of the financing for the Build Build Build program should have been accessed, our project debt to China will constitute around 4.5% of the total debt, while the project debt to Japan will be around twice as large at 9.5% of total debt. So there is no danger of us being drowned by Chinese debt,” Dominguez clarified.

Source: Manila Bulletin November 28, 2018 10:07 UTC