òòò½´«Ã½ Senior Research Fellow John Paolo R. Rivera said outstanding debt is expected to increase by yearend.
“With continued infrastructure spending, external repayments, and elevated interest costs, the National Government debt is likely to rise moderately toward yearend, staying around 60-61% of GDP (manageable but still requiring vigilance to maintain fiscal sustainability),” Mr. Rivera said in a Viber message.
“This might reverse if exchange rate breaches P60 per dollar requiring more debt management,” he added.
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