Finance Secretary Carlos G. Dominguez III said the administration of presumptive president Ferdinand “Bongbong” R. Marcos Jr. needs to increase government revenues while eliminating wasteful expenditures to get ahead of the country’s debt problem. After the Bureau of the Treasury reported...
The government debt as a proportion of the country’s economy inched up further in the first-quarter, supporting views that the administration of presumptive president Ferdinand R. Marcos Jr. will face a serious debt problem. The outstanding liabilities of the national government reached P12.679...
