August 31, 2018 at 08:15 pm
Julito G. Rada
THE government’s outstanding debt as of end-July 2018 stood at P7.043 trillion, P27.40 billion or 0.4 percent higher over the previous month’s level, due to net availments on both domestic and foreign obligations, the Bureau of the Treasury said Friday.
Of the total stock, 34.68 percent were secured externally while 65.32 percent were borrowed in the domestic market.
The government’s domestic debt amounted to P4.600 trillion, P21.45 billion or 0.5 percent higher from the end-June 2018 level.
“The increase in the level of domestic debt was due to the net issuance of government securities amounting to P21.57 billion slightly tempered by the stronger peso that diminished the value of onshore dollar bonds by P0.12 billion,” the Treasury said.
To date, domestic debt has increased by P159.27 billion or 3.6 percent since the beginning of the year.
External debt, meanwhile, amounted to P2.443 trillion, P5.94 billion or 0.20 percent higher than the end-June 2018 level.