NG debt rises in Nov. 0 SHARES Share it! Share TweetBy CHINO S. LEYCOThe national government’s outstanding debt rose in November last year owing higher borrowings, data from the Bureau of the Treasury showed yesterday. Of the total debt stock, 66.4 percent were from the domestic market, while the remaining 33.6 percent were held by foreign creditors. However, the national government’s November total debt declined month-on-month due to net redemptions of domestic government securities. In 2019, the Department of Budget and Management estimated that the national government’s outstanding debt would hit ₱7.85 trillion.

Source: Manila Bulletin January 02, 2020 13:52 UTC