March 02, 2021 at 07:20 pm
Julito G. Rada
Outstanding debt of the national government climbed 5.4 percent or P532.46 billion in January to P10.327 trillion from December, driven by the re-availment of a P540-billion short-term loan facility from the Bangko Sentral ng Pilipinas.
The Bureau of the Treasury said that of the total debt stock, 29 percent were sourced externally while 71 percent were domestic borrowings.
Domestic debt amounted to P7.325 trillion as of end-January, P630.87 billion or 9.4 percent higher than the end-December 2020 level primarily due to net availment of domestic financing amounting to P630.84 billion including the P540-billion provisional advances availed by the national government from the BSP for budgetary support amid the COVID-19 pandemic.
External debt eased to P3.001 trillion, P98.41 billion or 3.2 percent lower than in December.