NG debt to hit P24.7 trillion by 2030; debt&to&GDP ratio to fall to 58% — DoF

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FINANCE Secretary Ralph G. Recto on Monday said the government is working to ensure that economic growth would outpace debt accumulation, as outstanding debt is projected to hit P24.7 trillion by 2030. “We will make sure that the economy would continue to outgrow the country’s debt,” he said during the Development Budget Coordination Committee briefing […]

FINANCE Secretary Ralph G. Recto on Monday said the government is working to ensure that economic growth would outpace debt accumulation, as outstanding debt is projected to hit P24.7 trillion by 2030. “We will make sure that the economy would continue to outgrow the country’s debt,” he said during the Development Budget Coordination Committee briefing […]