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Home  >>   Daily News  >>Philippines>>Economy>>PHL gov’t debt up 4.5% at P6.2T in February
NEWS UPDATES Asean Affairs     March 30, 2017  






PHL gov’t debt up 4.5% at P6.2T in February

The national government’s outstanding debt stood at a record-high P6.208 trillion in February, up 4.5 percent from P5.940 trillion a year earlier, the Bureau of the Treasury (BTr) reported on Wednesday.

Data released by BTr showed the national government debt rose by 1.5 percent from P6.115 trillion in January.

Sixty-four percent or P3.985 trillion were accounted for by domestic creditors, while 36 percent or P2.223 trillion was from foreign borrowings.

Domestic debt climbed by 3.5 percent year-on-year from P3.850 trillion, “primarily due to the net issuance of government securities amounting to P31.68 billion and the effect of peso depreciation on the value of onshore dollar bonds amounting to P250 million,” the BTr said.

Foreign debt rose by 6.3 percent from P2.090 trillion a year earlier.

“For the month, the peso depreciation against the US dollar increased the peso value of external debt by P21.64 billion alongside net availments worth P39.31 billion,” the bureau said.

“These more than offset the impact of third-currency depreciation against the US dollar amounting to P220 million,” it added.

The national government’s outstanding guaranteed obligations rose by 14.8 percent to P521.8 from P454.5 billion.

“The increment on national government guarantees was due to the effect of currency fluctuations and net availment on external guarantees amounting to P3.48 billion and P210 million, respectively. These far outpaced the net repayment on domestic guarantees amounting to P970 million,” the BTr said. — Ted Cordero/VDS, GMA News




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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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