Thursday, May 6, 2021

Govt debt rises to P10.7T in March


Latest Stories

Facebook board upholds Trump suspension

SAN FRANCISCO: Former President Donald Trump won’t return to Facebook — at least not yet. The social network’s quasi-independent Oversight...

PH imposes travel ban on Pakistan, Bangladesh, Nepal and Sri Lanka

THE Philippines has banned the entry of travelers from Pakistan, Bangladesh, Nepal and Sri Lanka to avert the spread...

Eleazar accepts ‘challenges’ as PNP chief

INCOMING Philippine National Police (PNP) chief Guillermo Eleazar accepted the "challenges" of his new post, among them good leadership...

Duterte appoints Eleazar as next PNP chief — Palace

PRESIDENT Rodrigo Duterte has appointed Lt. Gen. Guillermo Eleazar as the next Philippine National Police (PNP) chief, Malacañang said...

PH logs 5,685 new Covid-19 cases, 8961 recoveries

THE Philippines logged 5,685 new cases of the coronavirus disease 2019 (Covid-19) and 8,961 recoveries on Wednesday, the Department...

The government’s outstanding debt soared to a new all-time high of P10.77 trillion at end-March, according to the Bureau of the Treasury (BTr).

“For the month, P368 billion, representing a 3.5-percent increase from February 2021, was added to the total portfolio due to net issuance of government securities,” the BTr said in a statement on Monday.

Of the figure, 28 percent was generated from foreign creditors and 71 percent from domestic borrowings.

Domestic debt reached P7.74 trillion, up from the P7.3 trillion recorded in February due to the net issuance of government securities including P411.79 billion in Retail Treasury Bonds (RTBs).

External debt, meanwhile, went down by 0.4 percent to P3.02 trillion due to the favorable net impact of both local- and third-currency fluctuations against the dollar amounting to P6.82 billion and P21.88 billion, respectively.

“These were more than enough to offset the net availment of foreign loans amounting to P15.15 billion,” said the BTr.


Government-guaranteed obligations declined by 2.4 percent or P10.91 billion to P435.8 billion at end-March.

“The lower level of guaranteed debt was due to the net redemption of both local and foreign guaranteed obligations amounting to P4.84 billion and P1.69 billion, respectively,” said BTr.

It added that local- and third-currency exchange rate fluctuations further lowered the peso value of external guaranteed debt by P0.45 billion and P3.93 billion, respectively.

The Budget department has said the government’s outstanding debt could reach P11.98 trillion this year.



Today's Front Page