Wednesday 14 April 2021
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businessmirror - 1 month ago

’20 gross borrowings soar 169.8% to P2.74T

AS the Philippines amassed debts to fund the state’s response to the economic and health crises, the government’s gross borrowings nearly tripled in 2020, according to data released by the Bureau of the Treasury (BTr). The BTr data showed gross borrowings reached P2.741 trillion in 2020, a 169.85 percent increase from the P1.016 trillion posted [ ]

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