This year’s mammoth sale of retail government bonds pushed up the Marcos administration’s total borrowings in August, as the state moved into the final stretch of its annual fundraising drive meant to plug its budget hole.
Gross financing nearly tripled from a year earlier to P508.5 billion, according to the latest cash operations report.
https://business.inquirer.net/549664/govt-borrowings-swelled-in-aug-on-mammoth-bond-issue