In the news: The Bureau of Treasury data today showed PH’s debt-to-GDP further rose to 63.5% in Q1 2022 — highest since end-2015’s 65.7%. Separate BTr data also today showed outstanding locally issued IOUs hit another record high of P8.64 trillion as of April.
Also today, DOF-Bureau of Local Government Finance (BLGF) data showed 86 LGUs borrowed a combined P14.6 billion in April for their mostly infrastructure projects. | via Ben De Vera, Philippine Daily Inquirer
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