5 months Outstanding govt debt eases to P7.45T in February Manilatimes |Biz
THE national government’s outstanding debt eased to P7.451 trillion in February due to lower domestic and foreign borrowings, the Bureau of the Treasury reported on Thursday. In a statement, the Treasury said the amount was 0.6 percent or P42.602 billion lower compared to January’s record P7.494 trillion. “Of the total stock, 34.3 percent was sourced from external markets while 65.7 percent was owed to domestic creditors,” it added. Domestic borrowings totaling P4.898 trillion — down 0.2 percent from the previous month — accounted for the bulk of outstanding debt, while external debt fell by 1.2 percent to P2.553 trillion. Outstanding ... more