Tag page - Debt ratio

The country's debt ratio climbed to a 17-year high in the third-quarter this year as new government loans continued to pile up, data from the Bureau of the Treasury revealed. As of September 2022, the outstanding obligations of the national government as a share of gross domestic product (GDP) hit...

The national government’s debt ratio soared following its record budget deficit incurred last year due to unprecedented borrowings for the country’s coronavirus response, data from the Department of Finance (DOF) revealed. Finance Undersecretary Gil S. Beltran said on Sunday, March 21, that the...