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  1. Yatta
    Yatta is online now Verified Tsikot Member
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    October 3rd, 2022 09:47 AM #4471


    The national government needs to further intensify revenue collection of existing taxes and come up with new ones as its debt stock breached the P13-trillion mark at P13.02 trillion as of the end of August, with new borrowings exceeding repayments.

    According to the Bureau of the Treasury (BTr), P133.64 billion was added to total outstanding debt. This was incurred in August and represented a 1-percent increase in the debt stock that was pegged at P12.89 trillion at end-July.



    Read more: More taxes ahead as PH debt stock breached P13T in August | Inquirer Business
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  2. uls's Avatar
    uls
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    October 3rd, 2022 09:55 AM #4472
    dollar denominated debt is problematic

    tax revenue in pesos need to buy $$$ to service $$$ debt

    $$$ now more expensive need more PHP to buy $$$ (larger budget goes to debt servicing)

    dollar reserves are declining (need more $$$ inflow)
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    uls
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    October 3rd, 2022 03:44 PM #4473
    above 50 is expansion

    below 50 is contraction

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    October 3rd, 2022 05:26 PM #4474



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    uls
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    October 5th, 2022 11:25 AM #4475
    USDPHP opened at 58.6

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    uls
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    October 5th, 2022 11:30 AM #4476
    PH inflation accelerated

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    uls
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    October 5th, 2022 06:04 PM #4477
    same closing price as yesterday

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    uls
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    October 6th, 2022 06:24 PM #4478
    so far USDPHP not making new record high

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    kisshmet
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    October 6th, 2022 06:39 PM #4479
    ^nilalabanan kaya ng tallano gold ang US$?

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    uls
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    October 16th, 2022 04:21 PM #4480
    financial advisor*: "your money will earn higher returns in mutual funds"




    *ahente ng insurance
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