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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.
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 ...
The new president and congressional leaders are meeting Tuesday to hash out a strategy for maintaining US creditworthiness and the government's ability to service $36 trillion in debt. Trump is ...
President Biden delivers remarks on the Supreme Court's decision on the student debt relief program on Friday, June 30, 2023. (Photo by Demetrius Freeman/The Washington Post via Getty Images) (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.
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2025, the Philippine economy is estimated to be at ₱29.66 trillion ($507.6 billion), making it the world's 31st largest by nominal GDP and 11th largest in Asia according to the International Monetary Fund.
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