The minister of state said out of total revenue collections, an amount of Rs 3.255 trillion
would be distributed among the provinces under 7th National Finance Commission (NFC) Award which is 32 percent higher than the current year's share of Rs 2.465 trillion
The total projected revenue, according to the president, is N6.97 trillion
, which is three per cent lower than the 2018 estimate of N7.17 trillion
For this year, the Duterte administration expects the government's debt to reach P7.33 trillion
from P6.65 trillion
at end-December last year.
Latest data from the BSP showed the total assets of Philippine banks reached P16.05 trillion
in end-June this year, 10.1 percent higher than the P14.58 trillion
recorded in end-June last year.
The one-semester realization also covers 47.3% of the target realization of the investment announced this year of Rp765 trillion
The growth in Kenya's debt has raised concerns the ballooning repayment costs are hurting economic activities by taking up a large chunk of government revenue.Treasury secretary Henry Rotich plans to spend Sh870.5 billion on debt repayments this year ending June next year from a S35.7 billion for the year ended June 2018 against expected taxes of Sh1.76 trillion
The second most significant source of income is transfers, due to which the country's budget was replenished by 1.4 trillion
tenge, despite reduction of transfers by 10.3 percent.
Of the total stock, 34.74 percent or P2.437 trillion
were sourced externally, and 65.26 percent or P4.579 trillion
India over 10 years will emerge as the fourth wealthiest country in the world with a private wealth of $24.69 trillion
State liabilities soared to a record high 1,550 trillion
won ($1.5 trillion
) last year, on snowballing future government and military pension payments as well as increasing issuance of government bonds.
Assets under management by the world's 500 biggest managers totaled $76.7 trillion
at the end of 2015, down by 1.7% from a year earlier, according to a report released Monday.
The government ran an 8.7 trillion
won cumulative budget surplus in fiscal year 2015.