00:00Philippines' debt amounted to more than Php16 trillion at the end of November 2024.
00:06According to the Bureau of the Treasury, it is higher by 0.4% or more than Php70 billion compared to October 2024.
00:16In the entire debt of the Philippines, the external debt or loan to other countries is at Php5.17 trillion or more than 32%.
00:25The Bureau of the Treasury explained that one of the reasons for the country's high debt is the decrease of Peso Contra Dollar.
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