STANDARD: Govt debts hits P5.147T - The outstanding debt of the national government rose P371 billion, or 7.8 percent, in May to P5.147 trillion from a year ago on higher local borrowings. The debt stock month-on-month rose 1.42 percent, or P72 billion, from 5.075 trillion in April. The government debt translates into each Filipino owing P54,758 based on a population of 94 million.
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