The Philippines Ends 2023 with Record-High P14.62-T Sovereign Debt
The Philippines closed the fiscal year 2023 on a noteworthy financial note, reporting a new record-high sovereign debt balance of P14.62 trillion, as revealed by data released by the Bureau of the Treasury on Wednesday. This substantial increase in sovereign debt has sparked concerns among the public, prompting Finance Secretary Ralph Recto to address the … Read more