The national government’s outstanding debt stood at P11.97 trillion as of end-October 2021, the Bureau of the Treasury (BTr) reported yesterday.
In a statement, the BTr said the national government’s total debt slightly increased by 0.46 percent from the previous month’s level of P11.92 trillion, primarily due to the net issuance of domestic securities.
It also recorded a 19.38 percent increase from the year ago level of P10.03 trillion, and a 22.22 percent hike since the start of the year.
Of the total debt stock, 29.3 percent was sourced externally while 70.7 percent were domestic borrowings.
The national government’s domestic debt amounted to P8.47 trillion, which is 0.96 percent higher compared to the end-September 2021 level of P8.39 trillion, as a result of the net issuance of government securities.
Since the start of 2021, domestic debt has increased by 26.49 percent, while it rose 19.65 percent year-on-year.
Meanwhile, the external debt of P3.5 trillion was 0.74 percent lower from the previous month’s P3.53 trillion.
“For October, the lower figure for external debt was attributed to the impact of local and foreign currency exchange rate adjustments amounting to P22.68 billion and P8.45 billion, respectively,” the BTr said.
“This more than offset the net availment of external obligations amounting to P4.96 billion,” it added.
Year-to-date, the incremental external debt went up by 12.99 percent from the start of the year, and 18.74 percent from the year ago level.
