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Economist and Albay 2nd district Rep. Joey Salceda says that to pay off the country’s Covid-19 debts, the next administration will have to generate around P326-billion in yearly revenue.

Malacañang on Thursday, April 7, defended the country’s outstanding debt, adding that it is needed to fund the programs and projects intended for the welfare of Filipinos.

The Duterte administration has substantially reduced new financing last August, taking up only about a fifth of the amount it borrowed from a year earlier, data from the Bureau of the Treasury showed.

Malacañang has underscored the importance of keeping the financially beleaguered Philippine Airlines (PAL) “in the air” amid the coronavirus disease (COVID-19) pandemic.

The national government’s debt payments increased by half in May this year as both interest expense and amortization jumped by double-digits, data from the Bureau of the Treasury showed.

The government has the capacity to settle its financial obligations after the country’s debt reached more than P11 trillion amid efforts to mitigate the impact of the pandemic, Malacañang said Tuesday.

The unprecedented government borrowings to offset the impact of the pandemic-induced recession have driven public debt to nearly P11 trillion in April this year.

A huge debt brought by addiction to online sabong or cockfighting prompted a Quezon City cop to rob a courier company in Bulacan province, police bared Tuesday.

Central banks around the world should have more focus on resolving the debt problems of both businesses and households resulting from the COVID-19 pandemic, according to a Bangko Sentral ng Pilipinas (BSP) official.

About P94,589 is every living Filipino’s share of the national government debt as of February, that is P20,000 more.

The national government’s debt stock breached P10-trillion mark in January after its total obligations accelerated by P2.5 trillion amid aggressive borrowings to finance the country’s war chest against the coronavirus pandemic.

Government borrowings jumped fourfold last month following the issuance of retail bonds aimed at small investors although foreign borrowings decreased significantly, data from the Bureau of the Treasury showed.

The national government debt payments increased in October due to bigger maturing obligations, data from the Bureau of the Treasury showed.

Government debt stock breached the P10 trillion mark in October amid unprecedented borrowings for the coronavirus response, data from the Bureau of the Treasury showed.

The country’s external debt service burden decreased by 11.11 percent to $4.934 billion as of end-August from $5.551 billion same time last year, according to the Bangko Sentral ng Pilipinas (BSP).

The Bureau of the Treasury is planning to borrow P140 billion from the domestic market in October this year.

The Duterte administration has so far borrowed close to $10 billion to fund the national government’s coronavirus response, the Department of Finance (DOF) said.

The country’s external debt service burden was down by 17 percent end-June to $3.983 billion from $4.80 billion same time last year, data from the Bangko Sentral ng Pilipinas (BSP) showed.