Debt consolidation

Pre-covid debt, deficit levels in ’24 or ’25

THE national government will return to its pre-pandemic debt and budget deficit levels as early as 2024 or by 2025, according to Ministry of Finance (DOF) projections. Finance Secretary Carlos Dominguez III said they were working on a budget consolidation plan to reduce the government’s debt and budget deficit levels …

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June debt-to-GDP ratio remains above 60%

PHOTO INVESTIGATOR / GRIG C. MONTEGRANDE Faster accumulation of debt even as the economy returned to year-over-year growth further raised the Philippines’ debt-to-gross domestic product (GDP) ratio in June to 60.4% , a peak in 16 years and above the level envisioned by Manageable Debt Watch for emerging markets. The …

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No Closing Costs Refinancing Explained

Refinancing a mortgage can be attractive for a number of reasons. Homeowners often save money by refinancing when interest rates are lower than they are now paying. Cash refinancing can allow them to tap into their home equity to pay for home repairs or consolidate debt. Or they might want …

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