The government’s debt jumped 10.4 percent year-on-year to surpass P15 trillion for the first time in February 2024, the Bureau of the Treasury said Wednesday.
The BTr attributed the increase in debt stock to the government’s domestic debt issuances, although this was partially tempered by the effect of the stronger peso on foreign debt valuation.Domestic debt reached P10.58 trillion as of end-February, or 4.08 percent higher than the end-January 2024 level following the net issuance of government securities.Domestic debt gross issuance totaled P708.74 billion, including the P584.86-billion five-year retail treasury bond issuance.
The peso appreciation trimmed P0.66 billion from domestic debt through downward revaluation of foreign currency denominated domestic debt.
Source: Loan Digest (loandigest.net)
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