Philippine government debt, 2010-2012

The world is  watching what are going to happen in the public debt of the US and many European governments now and the next few months. Let us see the public debt of the Philippine government.

There you go. The public debt is rising by around P400 B (or P0.4 T) per year: P4.21 T in end-2009, P4. 64 T end-2010, P5.05 T by end-2011, on to P5.52 T by end-2012.

These are not good figures because the Philippine government is following the path of many governments like the US and Europe, and these governments are now suffering from heavy debt burden.

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