#pesodepreciation

[thxnews]

PH Government Debt Now P13.91 Trillion for April 2023

The National Government (NG)'s total outstanding debt reached P13.91 trillion as of end-April 2023. NG outstanding debt increased by P54.24 billion or 0.4% from the previous month due to the net issuance of external debt and local currency depreciation against the US dollar. Of the total debt stock, 32.0% was sourced externally while 68.0% were domestic borrowings. NG domestic debt amounted to P9.46 trillion, P55.32 billion or 0.6% lower compared to the end-March 2023 level due to the net redemption of domestic securities amounting to P57.79 billion. This was slightly offset by the P2.47 billion effect on onshore foreign currency-denominated securities caused by peso depreciation against the US dollar. From the end-December 2022 level, NG domestic debt has increased by P249.45 billion or 2.7%. NG’s external debt amounted to P4.45 trillion, P109.56 billion or 2.5% higher from the previous month. For April, the increment to external debt was due to the P27.98 billion net availment of external loans and P94.28 billion impact of local-currency depreciation against the US dollar. On the other hand, third-currency adjustments against the US dollar trimmed P12.30 billion from the peso value of foreign currency debt. NG external debt has increased by P242.83 billion or 5.8% from the endDecember 2022 level. Total NG guaranteed obligations decreased by P3.42 billion or 0.9% Month-overMonth to P380.69 billion as of end-April 2023. For the month, the lower level of guaranteed debt was due to the net repayment of domestic guarantees amounting to P5.51 billion and third-currency adjustments amounting to P1.87 billion. These were tempered by the impact of local currency depreciation amounting to P3.95 billion. From the end-December 2022 level, NG guaranteed debt has decreased by P18.35 billion or 4.6%. Sources: THX News & Bureau of the Treasury. Read the full article

#Borrowings #BureauoftheTreasury #Domesticdebt #Externaldebt #Foreigncurrencydebt #Guaranteedobligations #Localcurrencydepreciation #NationalGovernmentdebt #Outstandingdebt #Pesodepreciation