The government’s consolidated debt stood at P6.8 trillion in the second quarter of 2019, an increase of 0.7 percent from the first-quarter level of P6.7 trillion and 13.4 percent higher from the same period last year, the Department of Finance said Friday.
The DoF said in a statement Friday 62.9 percent or P4.3 trillion of the total were domestic borrowings and 37.1 percent or P2.5 trillion were external.
As a percentage of gross domestic product, government debt registered at 37.6 percent, down 0.4 percentage points from 38.0 percent in the first quarter of 2019 and 1.5 percentage points higher than last year’s 36.1 percent.
The national government debt net of the Bond Sinking Fund posted at P7.3 trillion, a slight increase of 0.8 percent from the first-quarter level of P7.2 trillion and higher by 12.7 percent from the same quarter level last year.
“Domestic debt grew by 1.9 percent while external debt decreased by 1.2 percent compared with the first quarter of 2019,” the DoF said.