It's not bad to borrow money: Duterte justifies debt increase
President Rodrigo Duterte MANILA - President Rodrigo Duterte on Thursday said the Philippine government has been forced to borrow money due to a lack of fund sources. Duterte gave the explanation, as the country's outstanding debt rose to PHP12.09 trillion, as of end-February. In a speech delivered in Lapu-Lapu City, Duterte stressed the need for government borrowings, saying the money would be used to finance big-ticket projects. "The government is like a house. Ngayon, ang sweldo ko, ganito lang (Now, my salary is just this much), pero (but) my house needs [repair]. The roof is leak...