5 months NG debt rises to P7.786 T in April amid higher borrowings MB |Biz
By Chino S. Leyco The national government’s debt increased at end-April this year due to higher borrowings from local domestic market as well as weaker peso against the US dollar, data from the Bureau of the Treasury showed yesterday. As of April 2019, the outstanding debt of the state amounted to P7.786 trillion, up by 13 percent compared with P6.874 trillion in the same period last year. Of the total stock, 66.8 percent were borrowed domestically, while the balance 33.2 percent was sourced from external markets. Based on the treasury report, debt in the local market jumped 16 percent ... more