THE government’s outstanding debt as of end-January 2018 increased 1.1 percent to P6.726 trillion, or P73.66 billion from the end-December 2017 level of P6.652 trillion, due mainly to the impact of foreign currency fluctuations, the Bureau of the Treasury said Friday.
Data also showed the end-January debt level increased 10 percent compared to P6.115 trillion in the same period a year ago.
Of the total stock, 34.1 percent or P2.295 trillion were obtained from external markets, while 65.9 percent or P4.430 trillion came from domestic creditors.
“Domestic debt amounted to P4.430 trillion, 0.2 percent or P10.47 billion lower from the end-2017 level. For the month, the reduced level of domestic debt were due to net redemption of government securities amounting to P11.17 billion which were partially tempered by peso depreciation that increased the value of onshore dollar bonds by P0.70 billion,” the Treasury said.
On the other hand, the external debt of P2.295 trillion was 3.8-percent or P84.14 billion higher than the end-December 2017 level. J