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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 ...
On July 25, 1987, President Corazon Aquino promulgated the Administrative Code of the Philippines. [1] Chapter 9 of this code specified a list of ten nationwide regular holidays and two nationwide special days and provided that the President may proclaim any local special day for a particular date, group or place.
If a holiday falls on a non-working day for the employee, the employee is not compensated. President Gloria Macapagal Arroyo signed Proclamation No. 1211 in January 2007 declaring Independence Day which falls on June 12 a working holiday, and the day before a non-working holiday – effectively moving the holiday. However rites organized by the ...
[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 Department of Finance (DOF; Filipino: Kagawaran ng Pananalapi) is the executive department of the Philippine government responsible for the formulation, institutionalization and administration of fiscal policies, management of the financial resources of the government, supervision of the revenue operations of all local government units, the review, approval and management of all public ...
In April 1961, Philippine President Carlos P. Garcia signed Republic Act No. 3022 into law, declaring April 9 of every year as "Bataan Day". [9]In June 1987, Executive Order No. 203 revised all national holidays in the Philippines, referring to the April 9 holiday as "Araw ng Kagitingan (Bataan and Corregidor Day)". [10]
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The holiday traces its roots to the Cry of Pugad Lawin in August 1896, which marked the beginning of the Philippine Revolution. [3] The date and the location of the cry have been long disputed. From 1911 to 1962, the cry was thought to have emanated from Balintawak (now in modern-day Balingasa, Quezon City) on August 26. [4]