VERA Files
The figures are referring only to gross borrowings or new debt that the government has incurred.
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 […]
Sa simula ng 2023, iniulat ng isang international debt watcher na ang Pilipinas ay kabilang sa ilang mga bansa na makakakita ng pagbaba sa kanilang debt stock “ng ilang percentage points” batay sa inaasahang mataas na nominal GDP growth.