The national government’s outstanding debt reached P11.17 trillion as of end-June, data released by the Bureau of the Treasury (BTr) showed.
According to a statement released by the BTr yesterday, the national government’s total debt stock slightly increased by 0.9 percent from its end-May 2021 level of P11.07 trillion, and 23.3 percent up from the year ago level of P9.05 trillion.
To recall, the government has tapped various sources of financing to support its coronavirus disease 2019 response.
Of the total debt stock, 28.9 percent was sourced externally while 71.1 percent are domestic borrowings.
The national government’s domestic debt amounted to P7.94 trillion, which is 0.3 percent higher compared to the end-May 2021 level of P7.92 trillion as a result of the net issuance of government securities, the BTr said.
It also went up by 28.2 percent from its year ago level of P6.19 trillion.
Meanwhile, the national government’s external debt of P3.23 trillion was 2.3 percent higher from the previous month’s P3.16 trillion.
“The increase in external debt was due to the impact of local-currency depreciation against the US dollar amounting to P64.86 billion and net availment of foreign loans amounting to P25.52 billion,” the BTr said.
“These were tempered by the P18.27 billion decrease in the peso value of debt denominated in other currencies such as the euro and yen due to currency appreciation,” it added.
Foreign debt also rose from its year ago level of P2.86 trillion by 12.7 percent.
