LGU applications to incur debt hit P8.49B in July

WIRE — THE NUMBER of debt certifications issued by the Bureau of Local Government Finance (BLGF) more than tripled in July, covering P8.49 billion in proposed local government borrowing. The BLGF issued 22 new Certificates of Net Debt Service Ceiling and Borrowing Capacity during the month, more than triple the seven certificates issued in July last year.

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