Debt-GDP Ratio Improves to 44.2%

Government debt-to-GDP ratio was at 44.2% at end-September, higher than the 42.66% target but lower than the 44.7% at the end of 2015. The ratio has consistently dropped over the last six years from 52.4%. The annual declines are projected to continue until it reaches 35% in 2022. National government’s outstanding debt had increased 1.8% to P6.087 trillion compared with end-August partly due to the peso’s weakness…

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