Logo

31 日 マニラ

31°C26°C
両替レート
¥10,000=P3,830
$100=P5,715

31 日 マニラ

31°C26°C
両替レート
¥10,000=P3,830
$100=P5,715

Palace hopeful debt levels can be ''sustainable''

2025/7/8 英字

Malacanang is confident the government's levels of debt remain at a sustainable level.

Citing the Department of Finance (DOF), Palace Press Office Claire Castro said the P17 trillion debt puts the debt-to-gross domestic (GDP) ratio at 62 percent.

"This, according to our Department of Finance, is sustainable. We are at a sustainable level because the international threshold for the debt-to-GDP ratio is 70 percent," she said.

The World Bank said the accepted debt-to-GDP ratio is 70 percent.

The debt-to-GDP ratio compares a country’s public debt to its gross domestic product, indicating the nation’s ability to repay its debts.

The Marcos administration is aiming to bring a lower debt-to-GDP ratio to 60.4 percent this year. By 2028, it is hoped to bring it down further to 56.3 percent.

Castro said only P4 trillion was borrowed during the Marcos administration, while the rest were from previous administrations.

She noted that amount was mostly used for growth enhancing investments such as infrastructure, education, agriculture, health and social services. DMS

おすすめ記事

Two to four stations of Metro Manila Subway complete by 2028: Dizon

2025/7/31 英字 無料
無料

AFP strengthens military partnership in courtesy call with JSDF leadership

2025/7/31 英字 無料
無料

English Articles

2025/7/31 英字 無料
無料

Man accused of fooling establishments in Metro Manila arrested in Quezon City

2025/7/31 英字 無料
無料

Marcos orders all Dalian trains deployed for MRT-3

2025/7/31 英字 無料
無料

Recovery of Japanese war dead ''continuous'': Remulla

2025/7/30 英字 無料
無料