INQUIRER: GOV'T DEBT RISES BY 2% IN OCTOBER
The government's debt stock reached P5.36 trillion in October, rising by P146.3 billion, or 2.8 percent, from the September level, largely due to a net issuance of domestic securities as well as the sustained strength of the peso. Also, the amount of outstanding obligations as of the end of October was 9.4 percent, or P461 billion, higher than the level posted in the same month of 2011. And if the burden were to be spread among the 96 million Filipinos in the country today, based on the National Statistical Coordination Board's account, each person would have been saddled with a debt burden of P55,827.
The government's debt stock reached P5.36 trillion in October, rising by P146.3 billion, or 2.8 percent, from the September level, largely due to a net issuance of domestic securities as well as the sustained strength of the peso. Also, the amount of outstanding obligations as of the end of October was 9.4 percent, or P461 billion, higher than the level posted in the same month of 2011. And if the burden were to be spread among the 96 million Filipinos in the country today, based on the National Statistical Coordination Board's account, each person would have been saddled with a debt burden of P55,827.
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