Tag: National Debt
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Solicitor General Defends Legality of PhilHealth Fund Transfer to National Treasury
In a robust defense before the Supreme Court, Solicitor General Menardo Guevarra justified the transfer of funds from the Philippine Health Insurance Corp. (PhilHealth) to the national treasury, asserting that the move was legally sound and necessary for funding critical government initiatives. During the oral arguments held in Manila on February 4, 2025, Guevarra emphasized…
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Philippine National Debt Sees Slight Decline in December
In Manila, the national government’s total outstanding debt decreased marginally to PHP16.05 trillion in December, marking a 0.24 percent drop from PHP16.09 trillion the previous month. The Bureau of the Treasury (BTr) reported that this figure aligns well with the projected PHP16.06 trillion outlined in the 2025 Budget of Expenditures and Sources Financing. According to…
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