MANILA, Philippines — More domestic borrowings in March lifted the national government’s outstanding debt to a new high of P10.77 trillion at the end of the first quarter, while investors on Monday shrugged off the expected faster inflation in April and parked more of their money in safe bets like government securities, pulling T-bill rates down across the board.
In a report on Monday, the Bureau of the Treasury said the government’s outstanding obligations further rose by 3.5 percent from P10.41 trillion in February mainly due to the P463.3 billion in retail treasury bonds (RTBs) sold to small investors last March.
Year-on-year, debt jumped 27.1 percent as of March from P8.48 tril…
Keep on reading: PH debt hits new high of P10.77 trillion in March