• THE NATIONAL Government’s (NG) gross borrowings declined in March as external debt dropped by nearly half, data from the Bureau of the Treasury (BTr) showed.
  • Gross borrowings fell by 12.8% to P207.265 billion in March from P237.602 billion in the same month a year earlier.
  • BTr data showed that gross external debt slumped by 44.4% to P50.87 billion during the month from P91.557 billion a year ago.
  • This consisted of P39.137 billion in program loans and P11.733 billion in new project loans.