As responsible students and concerned citizens of the Philippines, it is very vital for us to understand this topic and relate it to things happening around us. Thus, have you ever heard of the latest news on the Philippine government's growing debt amounting to P9.05 trillion as of June 2020? Remember that it is an obligation our government and consequently citizens have to pay. How did it happen that the government owed these trillions of pesos? Relate your answer to the sources of obligation.