The gross debt of the national government rose to 337 billion pesos in July, bringing the year-to-date balance sheet to 2.27 trillion pesos, data from the Bureau of Treasury showed.

Actual gross funding in the seventh month of the year 2021 amounted to 337.14 billion pesos and was 150 percent higher than in the previous year at 134.55 billion pesos.

Domestic loans rose by 169 percent to 180.36 billion P compared to 66.83 billion P in the previous year .

On the other hand, foreign loans also increased this year by 131 percent from 67.69 billion pp to 156.78 billion pp.

Based on the latest spending and financing budget of the Ministry of Budget and Administration For the budget year 2021, the national government has set a revised gross credit program for this year amounting to 3.07 trillion pesos.

Ref: https://www.manilatimes.net