PH government debt fell to P15.55-T in August
PH government debt fell to P15.55-T in August
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NewsTranscript
00:00The government debt dropped to $15.55 trillion at the end of August.
00:05According to the Bureau of the Treasury, or BTR,
00:08they reported that the total government debt fell by more than $100 billion,
00:12which is a 0.9 percent decrease from the month before.
00:16This happened because the peso became stronger
00:19and the country paid back some of its external loans.
00:22The total debt is made up of domestic securities and external obligations.