Philippine gov’t debt swells to P13.64T

The national government’s debt stock reached P13.64 trillion as of end-October, up by 13.9 percent year-on-year.

This, according to the Bureau of the Treasury (BTr), was P123.9 billion or 0.92 percent higher than the P13.52 trillion in September and up by P1.91 trillion or 16.31 percent from the end-December 2021 level.

Both local and external loans increased in October. Domestic loans, which accounted for 68.58 percent of the total debt stock, climbed by P54.58 billion or 0.59 percent to P9.36 trillion from P9.30 trillion in September. The increase was attributed to the net issuance of government securities during the month amounting to P55.83 billion.

The rate of increase in d…

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