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Philippines:In January, the public debt of the government skyrocketed to an unprecedented 13.698 trillion pesos, a figure that has never been seen before.

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The Ministry of Finance announced on the 7th that the government debt outstanding as of the end of January increased by 2.1% (279.6 billion pesos) from the end of December last month to 13.698 trillion pesos, a record high. …

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