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Friday, March 13, 2009

Philippine Government Debt

The Philippine Government's total debt last December 2008 was a staggering 4.2 Trillion Pesos.The Philippines' population according to National Statistics Office(NSO) is 90.7 Million.

Probable Causes:Lack of Fiscal Discipline(Government overspending,Check and balance,),Corruption,Foreign Stock Exchange,Global Financial Crisis,Low Economic activities.

Conclusion:Every Filipino citizen has a share debt of Php.46,537.

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