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The national debt of the Philippines is the total debt, or unpaid borrowed funds, carried by the national government of the Philippines. As of the end of October 2024, the total national debt of the Philippines amounts to ₱15.1889 trillion ($273.9 billion). [1] Total outstanding debt: ₱16.02 trillion ($276.27 billion) (61.3% of GDP ...
July 1 – The Sofitel Philippine Plaza Manila hotel in Pasay ceases operations after 48 years. [ 382 ] July 2 – Cebu Pacific announces the purchase of 152 aircraft from Airbus valued at a total of US$24 billion ( ₱1.4 trillion ), in what is deemed the largest aircraft order in the history of Philippine aviation. [ 383 ]
[1]: 81 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future. Examples include debt securities (such as bonds and bills), loans, and government employee pension obligations. [1]: 207 Net debt equals gross debt minus financial assets that are debt instruments.
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund.
(November 2024) This is a list of countries by estimated future gross [ clarification needed ] central government debt based on data released in October 2020 by the International Monetary Fund , with figures in percentage of national GDP .
In the Philippines, this is characterized by continuous and increasing levels of debt and budget deficits, though there were improvements in the last few years of the first decade of the 21st century. [2] The Philippine government's main source of revenue are taxes, with some non-tax revenue also being collected. To finance fiscal deficit and ...
) are almost exclusively used for expiration dates that are normally written in the alphanumeric day-month-year format. On the other hand, an alphanumeric date in month-day-year format instead uses spacing and a comma between the day and year. The day-month-year variant likewise does not necessarily require a comma between the month and year.
The Philippine Area of Responsibility has 19 typhoons in a typical year, [272] usually from July to October; [269] eight or nine of them make landfall. [ 273 ] [ 274 ] The wettest recorded typhoon to hit the Philippines dropped 2,210 millimeters (87 in) in Baguio from July 14 to 18, 1911. [ 275 ]