The national government's total expenditure on debt for next year will reach P1.939 trillion, or a whopping 33 percent of the P5.768-trillion National Expenditure Program .Albay 1st district Rep. Edcel Lagman highlighted these figures Thursday, Aug 10, even as he asked the country’s economic managers to be"transparent" when it comes to the"totality of the expenditures of the government" on debt servicing.
The Bicolano then asked De Leon for the total expenditure for debt service percentage vis a vis the P5.768-trillion NEP, which the latter said was 32.9 percent."Yeah, it's 33 percent or its really more than one-third of the total expenditures of the government," Lagman said.related stories
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