national debt, keeping track

22 January 2013

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.

Posted in aquino admin, debt

One Response to national debt, keeping track

  1. February 20, 2013 at 7:21 pm

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