Government’s Debt-GDP Ratio Improves to 34.6% in 2016

The government’s debt-to-GDP ratio in 2016 improved to 34.6%, compared to the 36.2% in 2015. This was attributed to the improvement in government’s cash position, debt management reforms, and economic growth. It came despite the higher nominal general government debt of P5.016 trillion in 2016, 3.9 % up from the end-2015 level of P4.829 trillion. More than half, or P2.933 trillion, was accounted for by domestic borrowings,…

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