PH debt stock reached new high of P14.24 trillion at end-July

MANILA  -The Philippine national government’s debt stock increased by 0.7 percent or an additional P96.44 billion, to a new peak of P14.24 trillion at the end of July from P14.15 trillion at end-June, as new domestic borrowings again exceeded payments made, according to the Bureau of the Treasury.

Of the total outstanding obligations, 69 percent or P9.81 trillion is borrowed from domestic lenders while 31 percent or P4.43 trillion is owed to foreign lenders.

Over the course of a month, domestic borrowings increased by 1.1 percent or P109.5 billion as the government issued more bonds than it redeemed.

At the same time, foreign debt decreased by 0.3 percent or P13.1 billion as gains from the appreciation of the Philippine peso in July offset the inflow of new borrowings.