Weaker peso increases gov’t debt burden

MANILA, Philippines —Government debt inched up in April to P15.02 trillion—equivalent to nearly P138,000 obligations per Filipino—as a weaker peso bloated the value of sovereign foreign currency-denominated liabilities. Data released on Thursday by the Bureau of the Treasury (BTr) showed that total state obligations had gone up by P91.5 billion or 0.61 percent on a
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