NG’s outstanding debt hits P9.6 T as of end-Aug.

THE National Government’s (NG) outstanding debt reached P9.615 trillion as of end-August, as it continues to borrow to fund the fight against the coronavirus disease 2019 (COVID-19).

In a report released on Wednesday, the Bureau of the Treasury (BTr) said outstanding debt rose 5% to P9.615 trillion from P9.16 trillion as of end-July. This is also a fifth more than the P7.93 trillion logged in August 2019.