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About Phillipine Public Borrowings
This document provides an overview of the public borrowing status in the Philippines. It discusses the country's fiscal policies, taxation issues, government expenditures, budget deficits, and growing public debt levels. The national debt has increased significantly over time to over 5.64 trillion Philippine pesos as of 2013, with debt owed to both domestic and foreign creditors. While the country's external debt ratios remain sound due to strong foreign reserves, rising debt service is reducing funds available for priority spending areas like education, health and infrastructure. Overall, the document analyzes the challenges of the Philippines' public borrowing and debt situation.
Detailed Information
| Author: | ['Burtonium Partosa'] |
|---|---|
| Publication Year: | 2016 |
| Pages: | 19 |
| Language: | English |
| Format: | |
| Price: | FREE |
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