By Justine Irish D. Tabile, Senior Reporter
THE NATIONAL Government’s (NG) outstanding debt rose to a fresh high of P19.39 trillion at end-July amid higher domestic and external borrowings and the revaluation of foreign currency-denominated obligations, the Bureau of the Treasury (BTr) said.
The latest data from the Treasury showed that the NG debt increased by 1.7% to P19.39 trillion at end-July from P19.07 trillion at end-June.
“The increase was primarily driven by the net availment of domestic and external debt, as well as the revaluation of foreign currency-denominated obligations following movements in the peso relative to the US dollar and other foreign currencies,” the Treasury said.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
