THE NATIONAL GOVERNMENT’S (NG) outstanding debt inched up to a fresh high of P16.02 trillion as of end-October amid the peso’s depreciation against the US dollar, the Bureau of the Treasury (BTr) said.
Data from the BTr on Tuesday showed that outstanding debt went up by 0.8% or by P126.95 billion to P16.02 trillion as of end-October from P15.89 trillion as of end-September.
“The increase was primarily driven by the valuation impact of peso depreciation against the US dollar from P56.017 at end-September 2024 to P58.198 at end-October 2024,” the BTr said in a statement.
Year on year, debt jumped by 10.6% from P14.48 trillion.
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