Wednesday, March 10, 2010

Weak peso, borrowings hike debt debt (Manila Standard Today)

January 19, 2010 by  
Filed under Debt Settlement

Debt of the national government rose two percent, or P86 billion, to P4.424 trillion at the end of October from from P4.338 trillion in September due to the issuance of $1 billion worth of global bonds and the weakness of the peso against the US dollar.

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