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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 ...
The Supreme Court releases its ruling dated November 13, 2023, declaring that the estate of former President Ferdinand Marcos presently administered by President Bongbong Marcos has no ownership rights over a 57.68-hectare (142.5-acre) property in Paoay, Ilocos Norte by declaring the 25-year lease contract between the former president and the ...
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 ...
For about 48 hours last week, it looked like a debt ceiling fight in 2025 would be averted, as ideas were floated to postpone the issue until 2027 or 2029 (or even forever). But it was not to be.
As of Dec. 24, 2024, the debt has climbed to nearly $36.3 trillion, a $2.5 trillion increase within the past 12 months. If the average daily rate of debt growth over the past three year
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In late April 2024, a peace rally intended to defend the Constitution and criticize the "excesses” made by the Marcos administration was planned by former President Rodrigo Duterte's supporters to be held in Bustos, Bulacan. Duterte called his supporters to attend the rally saying "If you are brave, for the country, defend the flag, and the ...
Select Consumer Non-Mortgage Debt Component Averages, 2019-2024. Indeed, average student loan balances peaked in 2021 and 2022 at roughly $39,400 before falling by more than $1,000 in 2023, when ...