Marcos gov’t capped ’23 with fatter borrowings

Gross borrowings by the Marcos administration rose by 1.37 percent in 2023 after the government continued to incur debts to plug its budget hole and meet the economy’s postpandemic needs. Latest data from the Bureau of the Treasury (BTr) showed gross financing of the government amounted to P2.19 trillion last year, higher than the 2022
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