Govt debt balloons to record-high P7.802T in March

Credit to Author: MAYVELIN U. CARABALLO, TMT| Date: Tue, 07 May 2019 04:01:05 +0000

THE national government’s outstanding debt ballooned to a record-high P7.802 trillion in March due to currency adjustments and net issuance of government securities, the Bureau of the Treasury reported on Tuesday.

In a statement, the Treasury said the amount was 4.7 percent or P350.70 billion higher compared to February’s P7.451 trillion.

“Of the total stock, 33.4 percent were sourced from external markets while 66.6 percent were owed to domestic creditors,” it added.

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