PH debt swells to ₱14.24-T in July

Metro Manila (CNN Philippines, September 8) — The country's outstanding debt reached ₱14.24 trillion by the end of July, the Bureau of the Treasury (BTr) said on Friday.

The total debt stock was up by ₱96.44 billion or 0.7% from the figure as of end-June, primarily due to the net issuance of domestic securities, the bureau explained.

It said 68.9% of the total debt were domestic borrowings, while 31.3% was sourced externally.

Domestic debt rose to ₱9.81 trillion — up by ₱109.54 billion or 1.1% compared with the end-June level.

The bureau attributed the increase to the net issuance of government bonds driven by the national government's financing requirements.

Meanwhile, external debt stood at ₱4.43 trillion in July, a 0.3% or ₱13.10 billion drop from the previous month.

The BTr said the lower external debt is due to the effect of peso appreciation against the US dollar, amounting to ₱42.87 billion.