• April govt debt climbs 2.7% to P5.79T

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    OUTSTANDING debt of the national government increased to P5.79 trillion in April, climbing 2.7 percent or P150 billion from a year earlier as domestic obligations rose, the Bureau of the Treasury (BTr) said over the weekend.

    Compared with the previous month, the April government debt rose 0.1 percent or P2.99 billion.

    Domestic obligations stood at P3.85 trillion as of April, rising by 4.5 percent year-on-year, while external debt amounted to P1.93 trillion, down by 0.7 percent.

    Of the total debt stock, domestic debt currently accounts for 68 percent while external debt makes up the rest.

    On a monthly basis, the bureau said domestic obligations fell 0.1 percent from March “due to the net effect of P3.59 billion net redemption of government securities alongside the P32 million impact of the depreciation of euro and US dollars against the peso on multi-currency denominated securities.”

    Meanwhile, April foreign debt rose 0.4 percent from the previous month “due to net availment of P22.71 billion and the appreciation of the third currencies against the US dollar and raised the peso value to foreign debt by P5.76 billion,” the bureau said.

    The country’s foreign borrowings in April consisted of US dollar bonds and notes, yen bonds, euro bonds and peso global bonds, priced at a foreign exchange rate of P44.30 to a dollar.

    National government-guaranteed debt fell 14.1 percent to P401 billion in April from P468 billion a year earlier, month-on-month, guaranteed debt declined 3.3 percent from P415 billion in March.

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