THE NATIONAL Government’s (NG) outstanding debt inched up to another record high of P13.644 trillion as of end-November, the Bureau of the Treasury (BTr) said on Tuesday.
In a statement, the BTr said the end-November debt was only up by 0.02% or P3.15 billion from the end-October level of P13.641 trillion, “primarily due to the effect of local currency appreciation against the US dollar on foreign currency loans.”The NG debt also jumped by 16.33% from the P11.73 trillion seen at end-December 2021.
“For November, the net issuance of government securities added P75.76 billion while peso appreciation trimmed P3.03 billion from the debt stock,” the BTr said. Meanwhile, external debt jumped by 20.8% to P4.22 trillion at end-November from P3.49 trillion in the previous year. However, it was lower by 1.62% from the P4.29 trillion recorded at end-October.
The NG’s overall guaranteed obligations went up by 0.38% to P388 billion from P386.53 billion in the previous month. Year on year, it dropped by 7.14%. The government’s debt as a share to the gross domestic product stood at 63.7% at end-September. This is still above the 60% threshold prescribed by multilateral lenders.
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