---Open Group Holding Ltd.---
   Set home  |  Collect site   |  
 
    About us   ©¦   Products   ©¦   Catalogue   ©¦   Institution Framework   ©¦   Customer   ©¦   Show   ©¦   Sales Agent   ©¦   Contact us   ©¦
   Hot News
   Navigation
About us  
Hot News  
Customer  
Sales Agent  
Message  
Contact us  
  Yueqing Open Imp.&Exp.Co.,Ltd
  OPEN Electrical Technology Co., Ltd.
  Open Electic Co.,Ltd
  OPEN-GMC
  Open Group Holding Ltd
  OPEN-ECVV
  
  MSN:open8@live.cn
 
   Hot news
 News => Philippine national debt conti ¡¾Print¡¿ ¡¾Back¡¿
publication time:[2005-10-20]    perusal[1428]time
    MANILA, Oct. 20 (Xinhuanet) -- The Philippine government's national outstanding debt reached 3.93 trillion pesos (71.45 billion US dollars) in July, up 1.1 percent from 3.89 trillion (70.72 billion US dollars) in June, the Bureau of Treasury said Thursday.

¡¡¡¡According the data of the bureau, as of July, domestic debt rose 2.2 percent to 2.081 trillion pesos from 2.035 trillion pesosin June.

¡¡¡¡On the other hand, foreign debt declined 0.3 percent to 1.851 trillion pesos from 1.856 trillion pesos in June.

¡¡¡¡Fifty-seven percent of the foreign debt was raised through issuance of foreign-denominated securities and the rest through borrowing from such multilateral and bilateral institutions as the World Bank, the Asian Development Bank, and the Japan Bank for International Cooperation, the bureau said.

¡¡¡¡The government expects to address the ballooning debt through the implementation of newly-approved expanded value added tax, which is estimated to bring the country an extra 2 billion-3 billion pesos (36 million to 54 million US dollars) in monthly revenues this year. Enditem

 
Open group holding ltd. copyright , All Rights Reserved
suggest use IE£¨1024¡Á768£©px to browse our website
You are No. 4215402 visitor Õã ICP ±¸ 08016311ºÅ-1