The national government’s debt stock reached P13.64 trillion as of end-October, up by 13.9 percent year-on-year. | AldenMonzonINQ
Since the beginning of the year, however, domestic debt rose by P1.18 trillion or 14.5 percent due to continued preference for domestic financing to mitigate foreign currency risks, the BTr said.
The BTR said the increase in October was partly offset by the favorable net impact of both local and third currency fluctuations against the greenback, amounting to P43.07 billion and P6.30 billion respectively. Meanwhile, the total guaranteed obligations of the government decreased by P10.69 billion or 2.69 percent month-on-month to P3865.53 billion in the same month.
“These were slightly tempered by the net issuance of external guarantees amounting to P0.60 billion,” the Treasury added.
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