MANILA, Philippines (Xinhua) – The government debt increased to P5.38 trillion ($132.25 billion) as of November last year due to higher domestic debt, the Bureau of Treasury said today. The end-November debt of the national government was P22 billion ($54.08 million) higher from end-October 2012 level. Thirty seven percent of the total debt was owed to external creditors, while the rest was borrowed from domestic creditors. External debt decreased on back of the strengthening of the peso as well as the net depreciation of third currencies against the US dollar. Domestic debt increased due to net issuance of government securities.
MANILA, Philippines (Xinhua) – The government debt increased to P5.38 trillion ($132.25 billion) as of November last year due to higher domestic debt, the Bureau of Treasury said today.
The end-November debt of the national government was P22 billion ($54.08 million) higher from end-October 2012 level. Thirty seven percent of the total debt was owed to external creditors, while the rest was borrowed from domestic creditors.
External debt decreased on back of the strengthening of the peso as well as the net depreciation of third currencies against the US dollar. Domestic debt increased due to net issuance of government securities.
Your share of the national debt: P59,000 http://www.interaksyon.com/business/55494/your-share-of-the-national-debt-p59000
Your email address will not be published. Required fields are marked *
Name *
Email *
Website
Comment
You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>
Notify me of follow-up comments by email.
Notify me of new posts by email.
Your share of the national debt: P59,000 http://www.interaksyon.com/business/55494/your-share-of-the-national-debt-p59000