***P4.16 trillion of which are borrowings made during Aquinos term with no major infrastructures built.
The outstanding debt of the national government further inched up to P6.09 trillion as of Septemberthe first time it breached the P6-trillion markpartly due to a weaker peso.
The latest Bureau of the Treasury data showed that the national governments end-September debt portfolio rose 1.8 percent from P5.98 trillion in end-August as well as increased by 2.5 percent from P5.94 trillion a year ago.
In September, domestic obligations grew 0.5 percent month-on-month to P3.9 trillion.
http://business.inquirer.net/217923/...t-breaches-p6t
Noy worsened poverty, debt burden group
With each Filipino now having an estimated debt of P62,235.26, the group Freedom from Debt Coalition (FDC) has accused President Aquino of worsening the countrys poverty and debt burden during his administration
FDC said Aquino has even surpassed former president Gloria Macapagal-Arroyo as the biggest borrower among Philippine leaders over a full term, from 1986 to present.
The group revealed that the current administration would leave its successor with P6.4 trillion of outstanding national government debt, P4.16 trillion of which are borrowings made during Aquinos term.
http://www.philstar.com/headlines/20...t-burden-group
The outstanding debt of the national government further inched up to P6.09 trillion as of Septemberthe first time it breached the P6-trillion markpartly due to a weaker peso.
The latest Bureau of the Treasury data showed that the national governments end-September debt portfolio rose 1.8 percent from P5.98 trillion in end-August as well as increased by 2.5 percent from P5.94 trillion a year ago.
In September, domestic obligations grew 0.5 percent month-on-month to P3.9 trillion.
http://business.inquirer.net/217923/...t-breaches-p6t
Noy worsened poverty, debt burden group
With each Filipino now having an estimated debt of P62,235.26, the group Freedom from Debt Coalition (FDC) has accused President Aquino of worsening the countrys poverty and debt burden during his administration
FDC said Aquino has even surpassed former president Gloria Macapagal-Arroyo as the biggest borrower among Philippine leaders over a full term, from 1986 to present.
The group revealed that the current administration would leave its successor with P6.4 trillion of outstanding national government debt, P4.16 trillion of which are borrowings made during Aquinos term.
http://www.philstar.com/headlines/20...t-burden-group