PH government debt rises to P15.89T in September

Government debt increased to P15.89 trillion at the end of September, up by 2.2 percent from the previous month, due to the net availment of new external and domestic debt, the Bureau of the Treasury (BTr) said on Wednesday.

The BTr showed that total state obligations went up by P343.11 billion in September, increasing by 2.2 percent from the previous month.

READ: PH government debt fell to P15.55T in August

Compared with a year ago, the debt load also grew by 11.4 percent, or an additional P1.3-trillion debt in September.

Of the overall debt stock, the majority or 68.81 percent are sourced from the domestic market.