WATCH: Senator Sherwin Gatchalian discusses the govt’s P15-trillion debt and ways to reduce it

In an exclusive interview with the INQUIRER, Gatchalian cautioned the government against postponing the original target to reduce the ballooning government debt this year. But at the end of July, it hit a new high of P15.69 trillion. The increase in debt stock was primarily driven by the issuance of new government securities and project loans.

The Inquirer’s special report on the debt stock is available here. (Video edited by Reg Romanillos)