Philippine debt tops P9 trillion in June due to loans amid pandemic

ABS-CBN News

Posted at Jul 30 2020 12:26 AM

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The Philippine government's outstanding debt climbs to P9 trillion due to loans incurred as part of the government's coronavirus disease 2019 (COVID-19) response. 

While the Bangko Sentral ng Pilipinas said the country's external debt profile remains manageable, some senators want state auditors to review how the government spent its funds on coronavirus programs. - The World Tonight, ANC, July 29, 2020