The National Government (NG) borrows funds to meet public expenditure requirements because revenues are not always enough to cover expenses. The deficit is passed on as debt, which adds to the country’s debt stock.
The National Government (NG) borrows funds to meet public expenditure requirements because revenues are not always enough to cover expenses. The deficit is passed on as debt, which adds to the country’s debt stock.
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3/F Main Building, House of Representatives
Batasan Hills, Quezon City, Metro Manila, Philippines
Tel. No.: 8931-60-32 | Fax: 8931-65-19
E-mail: cpbrd@house.gov.ph
cpbrd.congress.gov.ph
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