A WEAK peso continued to weigh on the national government's (NG) outstanding debt, which ballooned to a new record high of P15.48 trillion in June.
A WEAK peso continued to weigh on the national government's outstanding debt, which ballooned to a new record high of P15.48 trillion in June.A total of P135.90 billion was added to the debt tally from May's P15.35 trillion, the Treasury bureau reported on Tuesday, and the count was also P1.3 trillion higher than year-earlier P14.15 trillion.The rise was attributed to the 'net issuance of both domestic and external debt and the effect of peso depreciation.
62 billion higher month on month from the P4.905 trillion as of end-May.The rise was a larger 6.8 percent, or P312 billion, from December's P4.598 trillion and 10.5 percent, or P465.36 billion, up from the year-earlier P4.445 trillion.'The increment is attributed to P7.95 billion in net availment and the P11.23-billion upward revaluation of US dollar-denominated debt due to peso depreciation,' the Treasury said.'This was partially offset by the P13.
Debt Hits New Record High Of P15.48T
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