Diokno: Philippines debt still manageable
Published on: Sunday 06 March 2022
MANILA, Philippines — The country’s debt stock remains manageable despite breaching the P12-trillion mark in January amid more borrowings to fund the government’s pandemic response measures, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. Despite rising to 61 percent of the country’s gross domestic product (GDP) last year from 39.6 percent prior to the COVID outbreak, Diokno said the debt-to-GDP ratio remains manageable...
News source: https://www.msn.com/en-ph/news/national/diokno-philippines-debt-still-manageable/ar-AAUH7aq
