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                    [ArticleID] => 307395
                    [Title] => NG debt climbs to P3.94T in August
                    [Summary] => Government debt rose 5.6 percent in August from a year earlier, as President Arroyo’s administration borrowed money to fund a budget deficit it expects to narrow to its smallest in four years in 2005.


Government debt reached P3.94 trillion in August, the Department of Finance (DOF) said yesterday. 


The government forecasts a P180 billion deficit this year, 15 percent lower than the record P211 billion posted in 2002.


Domestic debt, which accounts for 53 percent of the total, increased seven percent to P2.1 trillion, the DOF said. 


                    [DatePublished] => 2005-11-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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SOCIAL SECURITIES INSTITUTIONS

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    [results] => Array
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                (
                    [ArticleID] => 307395
                    [Title] => NG debt climbs to P3.94T in August
                    [Summary] => Government debt rose 5.6 percent in August from a year earlier, as President Arroyo’s administration borrowed money to fund a budget deficit it expects to narrow to its smallest in four years in 2005.


Government debt reached P3.94 trillion in August, the Department of Finance (DOF) said yesterday. 


The government forecasts a P180 billion deficit this year, 15 percent lower than the record P211 billion posted in 2002.


Domestic debt, which accounts for 53 percent of the total, increased seven percent to P2.1 trillion, the DOF said. 


                    [DatePublished] => 2005-11-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

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NG debt climbs to P3.94T in August

By Rocel Felix | November 19, 2005 - 12:00am

Government debt rose 5.6 percent in August from a year earlier, as President Arroyo’s administration borrowed money to fund a budget deficit it expects to narrow to its smallest in four years in 2005. Government...

Business