The national government’s outstanding debt settled at P11.93 trillion as of end-November 2021, slightly lower than in the previous month because of the strong peso.
The Bureau of the Treasury said the debt slightly declined P39.70 billion or 0.3 percent from October because of the net redemption of domestic securities and favorable foreign exchange rates. Of the total debt stock, 29.3 percent was secured externally, while 70.7 percent represented domestic borrowings.
Domestic debt amounted to P8.44 trillion, P26.91 billion or 0.3 percent lower than the end-October level as a result of the net redemption of government securities. This led to a year-to-date incremental increase of P1.75 trillion in domestic debt.
External debt of P3.49 trillion was P12.80 billion or 0.4 percent lower than in the previous month. This was attributed to the peso appreciation against the US dollar and other foreign currency adjustments amounting to P11.64 billion and P4.05 billion respectively.