PH debt recorded at ₱13.75T as of February

Metro Manila (CNN Philippines, March 30) — The Philippines’ outstanding debt stood at ₱13.75 trillion as of end-February, the Bureau of the Treasury reported on Thursday.

The figure was slightly higher by ₱54.26 billion from January’s data, with the increase “primarily due to the net issuance of domestic securities,” it said in a statement.

The majority, or 68.7%, of the total debt stock was raised from domestic sources.

Domestic debt also inched up by 0.6% to ₱9.44 trillion due to net availment of domestic financing and the Philippine peso’s weakening against the greenback on onshore foreign-denominated securities.

Debt from foreign sources, meanwhile, slightly fell by ₱2.96 billion to ₱4.31 trillion.

On the other hand, the government's guaranteed obligations decreased by 1.7% to ₱387.19 billion.