MANILA, Philippines - The national government's outstanding debt grew an annual 9% to P5.381 trillion in November on higher domestic borrowings.
Data from the Bureau of Treasury showed 63% or P3.406 trillion of total borrowings were owed to local investors, while the remaining P1.975 trillion were sourced from foreign entities.
Domestic debt in November went up by 20%, while external debt fell 5%.
source: abs-cbnnews.com
