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Marcos Jr. admin 'prudently manages' Duterte debts–DOF
Manila Bulletin
|June 6, 2025
The Department of Finance (DOF) said the Marcos administration has been prudently managing the Philippines’ swollen debt stock, which was bloated by the P6.84 trillion added by the Duterte regime during the Covid-19 pandemic.
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In a statement released on Thursday, June 5, the DOF said the national government “continues to manage the large debt it has inherited from the previous administration by growing the economy faster.”
Efforts contributing to this debt management, the DOF said, have brought down the country's debt to a “sustainable level” and below the 70-percent international threshold for the debt-to-gross domestic product (GDP) ratio.
Reports from the DOF showed that the Duterte administration left P12.79 trillion in debt. From this total, the current government’s outstanding debt continued to increase, reaching P16.75 trillion as of end-April.
Diese Geschichte stammt aus der June 6, 2025-Ausgabe von Manila Bulletin.
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