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The national debt of the Philippines is the total debt, or unpaid borrowed funds, carried by the national government of the Philippines.As of the end of February 2024, the total national debt of the Philippines amounts to ₱15.18 trillion ($269.4 billion).
The federal debt at the end of the 2018/19 fiscal year (ended September 30, 2019) was $22.7 trillion (~$27.1 trillion in 2023). The portion that is held by the public was $16.8 trillion. Neither figure includes approximately $2.5 trillion owed to the government. [83] Interest on the debt was $404 billion.
The history of the United States public debt began with federal government debt incurred during the American Revolutionary War by the first U.S treasurer, Michael Hillegas, after the country's formation in 1776. The United States has continuously experienced fluctuating public debt, except for about a year during 1835–1836.
The economic history of the Philippines is shaped by its colonial past, evolving governance, and integration into the global economy. Prior to Spanish colonization in the 16th century, the islands had a flourishing economy centered around agriculture, fisheries, and trade with neighboring countries like China, Japan, and Southeast Asia.
The history of the United States debt ceiling deals with movements in the United States debt ceiling since it was created in 1917. Management of the United States public debt is an important part of the macroeconomics of the United States economy and finance system, and the debt ceiling is a limitation on the federal government's ability to manage the economy and finance system.
Corazon Aquino. Maria Corazon " Cory " Sumulong Cojuangco-Aquino[4] CCLH (Tagalog: [kɔɾaˈsɔn kɔˈhwaŋkɔ aˈkino]; January 25, 1933 – August 1, 2009) was a Filipino politician who served as the eleventh President of the Philippines from 1986 to 1992. She was the most prominent figure of the 1986 People Power Revolution, which ended the ...
U.S. Vice President Kamala Harris meeting with Philippine Vice President Sara Duterte in Manila, November 21, 2022. Philippines–United States relations (Filipino: Ugnayang Pilipinas at Estados Unidos) are the bilateral and diplomatic relations of the Republic of the Philippines and the United States of America.
The 1969 Philippine balance of payments crisis was a currency crisis experienced by the Philippine economy as a result of heavy government spending linked to Ferdinand Marcos' campaign for his second presidential term in 1969. [ 1][ 2][ 3] It was notable for being the first major economic crisis of the Marcos Administration, and for triggering ...