Check ballooning Phl debt - Pimentel

Senate Minority Leader Aquilino Pimentel III has raised concerns over the country's rising debt, urging economic managers to closely examine the country's actual financial situation to prevent long-term financial risks.

- CECILLE SUERTE FELIPE

As the Senate has started deliberating on the P6.352-trillion proposed national budget for 2025, Pimentel pointed out that economic managers need to observe "a little budgetary discipline or fiscal discipline to eliminate wasteful expenses."

"Our debt is growing, but our economic managers don't seem to be worried about it. Well, I'm worried about the debt because I see the numbers, the one we pay every year, the principal and then the interest is getting bigger and bigger," Pimentel noted in an interview over radio station dwPM.