Gov’t borrowings up 5.3 percent to P656.7B in first quarter of 2020

Gov’t borrowings up 5.3 percent to P656.7B in first quarter of 2020

The national government’s gross borrowings rose 5.3 percent year-on-year to P656.7 billion in the first quarter of 2020 as both domestic and foreign debts increased. The latest Bureau of the Treasury data showed that gross domestic borrowings from January to March amounted to P510 billion, up from P490.6 billion in 2019. First-quarter gross external borrowings […]