Philippine debt stock rose further to P13.91T in April

MANILA  -The Philippine national government’s debt stock continued to increase in April by 0.4 percent or an additional P54.24 billion to reach still another all-time high of P13.91 trillion, according to the Bureau of the Treasury.

In April, foreign debt increased by 2.5 percent to P4.45 trillion as new borrowings exceeded payments made.

Meanwhile, local debt decreased by 0.6 percent to P9.46 trillion mainly because the government redeemed more securities than it issued that month.

On other hand, the depreciation of the Philippine peso in April blunted the decrease in outstanding obligations as this added P2.47 billion to the debt stock.