National Debt of the Philippines 2011

By Joann Santiago

Liabilities of the national government (NG) grew by P6 billion to P4.712 trillion as of last April from previous month’s P4.705 trillion, the Bureau of the Treasury (BTr) said Monday.

Year-on-year, the debt expanded by 6.2 percent from the end-April 2010’s P4.44 trillion.

BTr data showed that bulk or 57 percent of the debt was extended by on-shore fund sources while the balance of 43 percent came from off-shore creditors.

Total domestic debt at the end of the fourth month this year amounted to P2.69 trillion, 0.7 percent or P19 billion higher month-ago’s P2.67 trillion.

BTr attributed the increase to the “net issuance of government securities by NG.”

The domestic debt last April was 5.4 percent or P137.5 billion higher than year-ago’s P2.55 trillion.

On the other hand, foreign debt last April totaled to P2.03 trillion, a 0.6 percent or P12.7 billion drop over the P2.04 trillion registered last March.

BTr said the P1 billion net repayment and P26 billion appreciation of the peso against the US dollar caused the decline in foreign debt.

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