Philippine gov’t debt hits record-high P18.49T in March

MANILA, Philippines — The Philippine government’s outstanding debt swelled to a new peak of P18.49 trillion in March, as the peso continued to weaken and domestic borrowings rise, the Bureau of the Treasury (BTr) reported on Wednesday. READ: Government debt hits record-high P18.16 trillion The latest figure is nearly 2 percent higher than the P18.16 trillion recorded