(MENAFN) The Philippine's Bureau of Treasury said that the country's debt by the end of October last year increased to USD126.17 billion, Xinhua reported
The bureau stated that the increase registers a 5.4 percent increase over the USD119.69 billion logged the year before
The increase in the national government debt was due to a 10.5 percent hike in domestic loans in the period
Around 66 percent of debts incurred by the national government were sourced from domestic creditors while 34 percent came from foreign lenders
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