The outstanding debt of the national government in November stood at P14.51 trillion, up P27.92 billion from the level in October due mainly to the net issuance of treasury debt papers in the domestic capital market for budget support.
Around 31 percent of the government’s total debt are from external sources while 69 percent are borrowings from the local debt market. Total external debt at the end of November stood at P4.48 trillion, down 2.1 percent from October because of net repayment of foreign borrowings and the impact of a stronger peso during the month.
Outstanding domestic debt at the end-November was P10.02 trillion, up 1.2 percent from October due to the net issuance P125.95 billion of government securities. The increase was partially offset by the P3.87 billion effect of peso appreciation on foreign currency-denominated domestic securities.
For the 11-month period, domestic debt registered an increment of P816.02 billion, or 8.9 percent.
Total debt guaranteed by the national government decreased in November to P353.14 billion, lower by P7.86 billion from October because of net repayment of both domestic and external guarantees amounting to P1.21 billion and P3.50 billion, respectively. In addition, peso appreciation against the US dollar further trimmed those obligations by P4.07 billion.
