Philippine debt stock hit new high of P13.75T in Feb
MANILA -The Philippine national government debt’s stock increased by 0.4 percent to reach a new record high, pegged at P13.75 trillion at end-February, representing an additional P54.3 billion that month, according to the Bureau of the Treasury.
In February, local debt increased by 0.6 percent or P57.2 billion to P9.44 trillion mainly because the government’s new borrowings were more than the payments made that month.
For the same reason, foreign debt increased by 0.1 percent or P21.2 billion to P4.31 trillion.
Also in February, obligations guaranteed by the national government decreased by 1.7 percent or P6.64 billion to P378.2 billion as repayments surpassed fresh inflows.
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Article continues after this advertisementPhilippines’ debt stock rose to new high of P13.7T in January
PH debt seen to hit new high of P14.63T by end-2023
