Philippine debt up to P5.437T as of end-December 2012-A A +A
Wednesday, February 20, 2013
MANILA -- The Philippine government's debt rose to P5.437 trillion as of end-December 2012, P56 billion higher from end-November 2012 level, the Bureau of Treasury (BTr) said Wednesday.
The National Government's higher debt could be attributed on the domestic debt, which increased by P62 billion from the previous month's level due to net issuance of government securities.
Of the total debt, P1.969 trillion or 36 percent was owed to external creditors and P3.468 trillion, or 64 percent, to domestic creditors.
External debt decreased by P6 billion from end-November 2012 level due to the combined effects of the net depreciation of third currencies against the US dollar.
Meanwhile, the BTr said that the total guaranteed debt of the National Government declined to P502 billion from the P509 billion end-November 2012 level.
The decrease was attributed to the lower peso value of external guaranteed obligations due to the net depreciation of third currencies against the US dollar. (SDR/Sunnex)