2024: Marcos admin reduces gov't borrowings by 45% to P203bn, mainly due to a 67% drop in foreign borrowings.
The Marcos administration cut government borrowings by 45% to P203 billion at the start of 2024, largely due to a 67% dip in borrowings from foreign lenders. Domestic borrowings declined by 21.08% to P141.51 billion in January, from the P179.3 billion recorded a year ago. Gross borrowings in January amounted to P203.15 billion, lower than the P366.86 billion recorded in the same period last year.
March 24, 2024
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