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FACT CHECK Fact Sheet NED FC
By VERA Files | Jan 17, 2023 2:44 PM
The COVID-19 pandemic forced the government to borrow at the historic level of P3.2 trillion to manage the unprecedented health and economic crises that included providing stimulus packages for small businesses, unemployment benefits, incentives and financial assistance for health and other essential workers. The national debt in 2021, a year after the pandemic hit, reached […]
Bangko Sentral ng Pilipinas, borrowing, Bureau of the Treasury, COVID-19, debt, Department of Finance, Ferdinand "Bongbong" Marcos, GDP, loan, Pandemic, Philippines