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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 ...
[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.
August 8 – Romulo Davide is proclaimed as a National Scientist of the Philippines by President Marcos for his work in nematology and plant pathology. [442] August 12 – President Marcos declares August 13, 2024 to August 12, 2025, the centennial year for Ilocano master weaver and national living treasure Magdalena Gamayo. [443]
President-elect Donald Trump has doubled down on many of his economic promises in the weeks since his victory but will head into 2025 set to face formidable global players who may have other plans.
Meanwhile, high levels of government debt can slash demand for a country's currency, triggering devaluations. KKR urges investors to consider how the market behaved between 1994 and 2000.
A new debt ceiling was established this week, setting up a debate for the months ahead about averting a government default.. The parameters of that coming standoff are already making Donald Trump ...
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 ...
The national debt can’t be hung around the neck of either a Republican or Democratic administration. Both parties were forced to shell out massive fiscal stimulus courtesy of the COVID pandemic.