Of the borrowings, 25% will come from overseas sources
PHOTO
The Philippines will borrow 2.46 trillion pesos ($44.24 billion) to fund its budget next year, Budget Secretary Amenah Pangandaman said on Friday.
Of the borrowings, 25% will come from overseas sources and 75% domestically, the Philippine Treasury said. ($1 = 55.61 Philippine pesos) (Reporting by Neil Jerome Morales and Karen Lema)
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
