THE NATIONAL Government’s (NG) outstanding debt hit a fresh high of P16.31 trillion at the end of January as it ramped up borrowings, the Bureau of the Treasury (BTr) said on Tuesday.
Preliminary data from the BTr showed that outstanding debt jumped by 1.63% or P261.47 billion to P16.31 trillion from P16.05 trillion at end-2024.
“The month-over-month rise in debt stock was due to the net incurrence of new domestic and external debt, as well as the impact of peso depreciation against the US dollar from P57.847 at the end of 2024 to P58.375 at the end of January 2025,” the Treasury said in a statement.
The debt stock rose by 10.29% from P14.79 trillion at end-January 2024.
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