Domestic debt hit P9.59 billion in May, which was P130.67 billion or 1.4 percent higher than in April.
External debt amounted to P4.51 trillion in the same month, which was P54.73 billion or 1.2 percent higher than the previous month. “External debt was mainly driven by the net availment of external loans amounting to P10.05 billion and the impact of local-currency depreciation against the US dollar amounting to P59.70 billion,” the BTr explained.Guaranteed obligations, however, fell by P0.98 billion or 0.3 percent, the BTr added.
“The decline in guaranteed debt was attributed to the net repayment of external guarantees amounting to P6.70 billion and third-currency adjustments amounting to P0.91 billion,” it pointed out.
Source: Loan Digest (loandigest.net)
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