The government’s
outstanding debt slightly declined 0.6 percent or P42.14 billion to
P6.83 trillion in May from the previous month, the Bureau of the
Treasury said Friday.
Data showed that of the total debt stock, 35.25 percent or P2.4 trillion were secured externally while 64.75 percent or P4.42 trillion were borrowed domestically.
The domestic debt of P4.42 trillion dropped P74.52 billion or 1.7 percent in May from the previous month.
“There was a P74.93-billion net redemption of government securities in May slightly tempered by the P0.41 billion effect of the weaker peso for the month. To date, domestic debt has managed to decrease by P16.92 billion or 0.4 percent since the beginning of the year,” the Treasury said.
External debt increased P32.38 billion or 1.4 percent to P2.4 trillion was P32.38 billion from the end-April 2018 level.
“The increment was due to the weaker peso that increased the peso value of FX debt by P37.66 billion. This was slightly trimmed by net repayments on external loans amounting to P4.89 billion and the impact of net depreciation on third currency-denominated debt amounting to P0.39 billion,” the Treasury said.
source: Manila Standard
Data showed that of the total debt stock, 35.25 percent or P2.4 trillion were secured externally while 64.75 percent or P4.42 trillion were borrowed domestically.
The domestic debt of P4.42 trillion dropped P74.52 billion or 1.7 percent in May from the previous month.
“There was a P74.93-billion net redemption of government securities in May slightly tempered by the P0.41 billion effect of the weaker peso for the month. To date, domestic debt has managed to decrease by P16.92 billion or 0.4 percent since the beginning of the year,” the Treasury said.
External debt increased P32.38 billion or 1.4 percent to P2.4 trillion was P32.38 billion from the end-April 2018 level.
“The increment was due to the weaker peso that increased the peso value of FX debt by P37.66 billion. This was slightly trimmed by net repayments on external loans amounting to P4.89 billion and the impact of net depreciation on third currency-denominated debt amounting to P0.39 billion,” the Treasury said.
source: Manila Standard
