THE Philippines has a debt amounting to a total of P12.03 trillion as of January 2022, the Bureau of Treasury said on Friday, March 4, 2022.
It said that of the total debt stock, 30.4 percent was sourced externally, while 69.6 percent were domestic borrowings. “This is primarily due to net availment of domestic financing amounting to P197.04 billion, including the P300 billion provisional advances availed by the NG from the BSP for budgetary support,” the agency said.
The BOT said the National Government’s guaranteed obligations, however, decreased by P1.40 billion or 0.3 percent month-over-month to P422.52 billion as of the end of January.
Source: Loan Digest (loandigest.net)
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