The national government’s outstanding debt stood at P15.55 trillion as of the end of August 2024, the Bureau of the Treasury (BTr) said.
In its latest report, the BTr said this reflected a 0.9 percent decrease from the end-July 2024 level of P15.69 trillion, primarily due to the revaluation effect of peso appreciation and the net repayment of external debt.
Year-on-year, the national government’s debt is still higher by 8.4 percent.
Of the overall debt stock, 69.4 percent are domestic securities while 30.6 percent are external obligations.
For the month of August, the domestic debt level was recorded at P10.79 trillion, inching up by 0.4 percent from the previous month.
The increase stemmed from the net issuance of government securities amounting to P45.05 billion, albeit partially offset by the P6.59 billion downward revaluation effect of peso appreciation on US-dollar-denominated domestic securities, the BTr said.
From the previous year’s level, the national government’s domestic debt has increased by 10.2 percent.
Meanwhile, the national government’s external debt amounted to P4.76 trillion, a decrease of 3.6 percent compared with the end of July 2024 level.
The BTr said that the decline was brought about mainly by peso appreciation, which trimmed P194.9 billion, as well as net repayments of P4.17 billion, although stronger third-currencies added P20.82 billion in valuation effects.
Year-on-year, the national government’s external debt rose by 4.4 percent.
