PH Debt Rises Now at 13.91 Trillion

The National Government’s (NG) total outstanding continues to rise as it grew to P13.91 trillion at the end of April this year, according to the Bureau of Treasury (BTr).

“NG outstanding debt increased by P54.24 billion or 0.4% from the previous month due to the net issuance of external debt and local currency depreciation against the US dollar. Of the total debt stock, 32.0% was sourced externally while 68.0% were domestic borrowings,” Btr said in a press release.

The country’s external debt also increased by 2.5% or P109.56 billion bringing the total up to P4.45 trillion in the same period.

“For April, the increment to external debt was due to the P27.98 billion net availment of external loans and P94.28 billion impact of local-currency depreciation against the US dollar,” BTr said.

Meanwhile, the National Government’s domestic debt amounted to P9.46 trillion, which is 0.6% lower than of end-March in the same year.

The report mentioned that this was attributed to the net redemption of domestic securities that amounted to P57.79 billion.

Moreover, the National Government guaranteed obligations decreased by P3.42 billion or 0.9% month-over-month to P380.49 billion at the end of April this year.

The drop was attributed to the net repayment of domestic guarantees that amount to P5.51 billion and hird-currency adjustments amounting to P1.87 billion. The impact of local currency also tempered the depreciation at P3.95 billion.

Moreover, the National Government guaranteed debt decreased by P18.35 billion or 4.6% at the end of December of last year. (ASC)