Philippines' debt rises by 3.8 pct in end-September
MANILA, Nov. 3 (Xinhua) -- The Philippines' debt reached 13.52 trillion pesos (roughly 229.88 billion U.S. dollars) at the end of September, 3.8 percent higher than the debt incurred in end-August, the Philippine Bureau of Treasury said on Thursday.
The bureau attributed the 495.54 billion pesos (roughly 8.4 billion dollars) increase in debt portfolio in September to the peso depreciation against the U.S. dollar
