Government Borrowings Up 390% in February

Government borrowings increased to P132.231 billion in February, up 390 percent from the P26.908 billion recorded in the same month last year. This brought the total borrowings to P171.358 billion during the first two months. Of the total, P100.569 billion came from external creditors while the remaining P31.662 billion was sourced from domestic lenders. For 2017, the government is programmed to borrow P631.29 billion,…

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