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× PH borrowings to hit record-high P1.4 trillion in 2020

MANILA, Philippines--The Philippines' gross borrowings will peak to a record-high P1.4 trillion next year to finance the government's programmed wider budget-deficit cap equivalent to 3.2 percent of gross domestic product (GDP) as it jacks up spending on public goods and services while also paying more amortization for outstanding debt.

During the Development Budget Coordination Committee (DBCC)…