(Eagle News)—-The national government’s debt in July registered an increase from the previous month’s level, the Bureau of Treasury reported on Friday, Aug. 31.
In a statement, the BTr said the P7043.59 billion registered as of the end of July was a P27.4 billion increase, or a 0.4 percent increase.
It said the increase was “due to net availments on both domestic and foreign obligations.”
“Of the total stock, 34.68 percent were sourced externally, while 65.32 percent were borrowed domestically,” BTr said.
According to the BTr, the increase in the level of domestic debt was “due to the net issuance of government securities amounting to P25.7 billion…”
It said this was “tempered by the stronger peso that diminished the value of onshore dollar bonds by P0.12 billion.”