Thursday Aug 12, 2021
No parting from debt: PHL to carry weight of borrowing post-Duterte
HERE comes the sun, thanks to Olympic gold medalist Hidilyn Diaz.
As Diaz lifted a combined 224 kilograms it felt a weight, albeit temporarily, was lifted from the shoulders of a country hunched with the heavy load of debt.
Indeed, as the rains at Monday’s dusk drowned the droning-on of President Duterte during his last State-of-the-Nation Address (Sona), the republic faced the danger of debilitating debt.
Finance officials have said that the Philippines could see the ratio of debt to gross domestic product (GDP) to tip the scale at around 58.7 percent.
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