PH debt stock reached new high of P14.35T at end-August | Inquirer Business

PH debt stock reached new high of P14.35T at end-August

/ 03:39 PM October 02, 2023

MANILA  -The Philippine national government’s debt stock increased by 0.7 percent, or an additional P105.28 billion, to a new record high of P14.35 trillion at the end of August from P14.24 trillion at end-July, as the peso weakened against the US dollar, according to the Bureau of the Treasury.

Of the total outstanding obligations, 68 percent or P9.79 trillion is owed to domestic lenders while 32 percent or P4.56 trillion is borrowed from foreign lenders.

Over the course of a month, domestic borrowings decreased by 0.2 percent or P21.24 billion as retail bonds matured.

Meanwhile, foreign debt increased by 2.9 percent or P126.52 billion mainly due to the depreciation of the Philippine peso.

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TAGS: BTr, debt stock, new high

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