{"id":67901,"date":"2015-12-23T00:44:54","date_gmt":"2015-12-23T05:44:54","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=67901"},"modified":"2015-12-23T00:44:54","modified_gmt":"2015-12-23T05:44:54","slug":"purisima-vows-sustained-resiliency-of-phl-economy-on-continued-improvement-of-debt-gdp-ratio","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/12\/23\/purisima-vows-sustained-resiliency-of-phl-economy-on-continued-improvement-of-debt-gdp-ratio\/","title":{"rendered":"Purisima vows sustained resiliency of PHL economy on continued improvement of debt-GDP ratio"},"content":{"rendered":"<figure id=\"attachment_59946\" aria-describedby=\"caption-attachment-59946\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/08\/shutterstock_89758564.jpg\" rel=\"attachment wp-att-59946\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-59946\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/08\/shutterstock_89758564.jpg\" alt=\"(ShutterStock image)\" width=\"1000\" height=\"669\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/08\/shutterstock_89758564.jpg 1000w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2015\/08\/shutterstock_89758564-300x201.jpg 300w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption id=\"caption-attachment-59946\" class=\"wp-caption-text\">(ShutterStock image)<\/figcaption><\/figure>\n<p>MANILA \u2013 Department of Finance Secretary Cesar Purisima is confident on the continued resiliency of the Philippine economy, in part due to the sustained improvement of the proportion of government liabilities vis-a-vis the domestic output.<\/p>\n<p>DOF data show that ratio of general government (GG) debt to gross domestic product (GDP) further improved to 36.8 percent at the end of the third quarter of 2015 compared to the 37.2 percent same period in 2014.<\/p>\n<p>As of end-September this year, GG liabilities stood at PHP4.8 trillion, 5.1 percent up than year-ago\u2019s PHP4.6 trillion.<\/p>\n<p>The increase was traced to the PHP238 billion increase of the national government (NG) debt.<\/p>\n<p>Also, liabilities of the local governments slightly rose by 1.4 percent to PHP69.4 billion as against the PHP68.5 billion during the same period in 2014.<\/p>\n<p>However, the ratio improved as the domestic output continue its solid pace.<\/p>\n<p>Purisima said that with the backdrop of \u201cvery uncertain global environment\u201d the drop in the share of government\u2019s debt to domestic output \u201cis part of parcel of our commitment to keeping the Philippines resilient.\u201d<\/p>\n<p>\u201cWe can expect the downtrend to persist further,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA \u2013 Department of Finance Secretary Cesar Purisima is confident on the continued resiliency of the Philippine economy, in part &hellip;<\/p>\n","protected":false},"author":33,"featured_media":59946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,1145,16,95],"tags":[9640],"class_list":["post-67901","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-headline","category-news","category-news-ph","tag-pna","mauthors-philippines-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/67901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=67901"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/67901\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/59946"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=67901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=67901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=67901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}