MANILA, Philippines — The Philippine national government’s outstanding debt climbed to a fresh all-time high of P17.65 trillion in November. This was on the back of both new domestic and foreign borrowings, latest data from the Bureau of the Treasury (BTr) showed. READ: Weak peso pushed gov’t debt to P17.56T in Oct The debt load rose by 0.49 percent, or P85.84 billion, from the previous month, once again surpassing the government’s full-year borrowing target of P17.36 trillion. According to the Treasury, fresh loans from both domestic and external sources kept total debt on the rise. Meanwhile, minor adjustments from foreign […]... Keep on reading: Philippine national debt reaches new peak of P17.65 trillion