Calonzo, Andrew C.Gerero, Menchie L.2025-01-162025-01-162006-10https://selib.upd.edu.ph/etdir/handle/123456789/4070This paper investigates the impact of government debt servicing on assumed liabilities on economic growth over a sample period of 1988 to 2004. Ordinary Least Squares estimation (OLS) is applied to the model. The estimation results show that government spending on assumed liabilities has a negative and significant effect on economic growth, at least at the mean levels of assumed liabilities. On the other hand, private investment has a positive and significant effect on economic growth. Population growth is statistically insignificant in the model.enLiabilitiesGovernment expenditureEconomic growthPublic fundPublic debtThesis