Gov’t Has P1 Trillion ‘Borrowed’ Cash; To Borrow P3 Trillion More Next Year
OneNews.com (Philstar.com), November 18, 2020 Senate President Pro Tempore said the government has been borrowing money in excess of what is programmed in the General Appropriations Act, with the funds apparently remaining in the hands of the National Treasury. The government has at least P1 trillion in cash that it can use to purchase coronavirus…