Dominguez: Debt ratio ‘manageable, affordable’

Dominguez: Debt ratio ‘manageable, affordable’

Finance Secretary Carlos Dominguez III on Wednesday said the country’s debt levels remained manageable despite new borrowings to finance the Covid-19 response. Speaking at “Tatak ng Pagbabago 2020: The Pre- State of the Nation Address (SONA) Forum,” Dominguez...
Gov’t borrowings in January to April of P1.22 trillion surpassed 2019 total – DOF

Duterte: PH still has low risk of defaulting on debts

President Rodrigo Duterte on Monday announced that the Philippines had maintained a BBB+ sovereign credit rating, even after the Department of Finance reported a plunge in tax collections as a result of quarantine restrictions to stem the Covid-19 outbreak. Duterte...