THE NATIONAL Government’s (NG) outstanding debt hit a fresh high of P16.92 trillion at the end of May as new domestic debt issuances were partly offset by the stronger peso, the Bureau of the Treasury (BTr) said on Thursday.
The latest data from the BTr showed that outstanding debt inched up by 0.99% or P166.2 billion to P16.92 trillion from P16.75 trillion at end-April.
Year on year, outstanding debt jumped by 10.24% from P15.35 trillion as of end-May 2024.
The BTr said the “minimal increase” in total debt is mainly due to the net issuances of new domestic securities, “which reflect sustained investor confidence in the Philippine economy.”
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