“For 2020, our general government debt as a percentage of GDP is about 46.7 percent and we will be in the middle of the pack against other…countries … This page provides forecast and historical data, charts, statistics, news and updates for Philippines Outstanding Public Debt. The Philippines’ outstanding debt breached the P9-trillion mark in June, ... is expected to rise to 50% in 2020, while the budget deficit is projected to go up to 8.1%. The Philippine faces about $2.8 billion in 2021 maturities of dollar, yen and yuan debt, according to data compiled by Bloomberg. Philippines among nations facing debt payment shock next year — Moody's Ian Nicolas Cigaral (Philstar.com) - October 26, 2020 - 7:04pm The debt-to-gross domestic product (GDP) ratio is projected to settle at 54 percent this year and reach 58 percent in 2021, and 60 percent in 2022. The Philippine government's outstanding debt stood at P9.615 trillion as of end-August 2020 amid the coronavirus crisis, the Bureau of the Treasury (BTr) said on Wednesday, September 30. “Some advanced economies had much higher debt ratios even in the best of times,” he added. “The projections are still lower when compared to the country’s all-time high debt level of 71.6 percent of GDP in 2004, Dominguez said. In absolute terms, the government accumulated an outstanding debt of P9.79 trillion at the end-2020. With these, Dominguez said, the government was able to keep its debt-to-GDP ratio within a sustainable threshold of 54.5 percent last year. The national debt is also over four times bigger than some of the largest listed companies in the Philippines. Outstanding Public Debt for Philippines from The World Bank for the Quarterly Public Sector Debt release. It is made available on the understanding that The Bureau of The Treasury (BTr), as a result of providing this information, is not engaged in providing professional advice. Published on August 29, 2020, 12:35 AM EDT Have a … MANILA, Philippines—A P540-billion short-term loan from the Bangko Sentral ng Pilipinas (BSP) to the national government raised outstanding government debt to a … THE National Government’s (NG) outstanding debt reached P9.8 trillion at the end of December 2020, pushing the debt-to-GDP ratio to the highest in over a … – Rappler.com. Disclaimer: The information on this site is intended as a general reference for internet users.
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