National government debt up 9.4% to ₱15.5 trillion as of end-June

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National government debt up 9.4% to ₱15.5 trillion as of end-June - Business Mirror

Quick Summary:

THE national government’s outstanding debt climbed to P15.483 trillion as of end-June 2024, according to the Bureau of the Treasury (BTr).

The Treasury said the increase is due to the P7.95 billion in net availment and the P11.23 billion upward revaluation of US dollar-denominated debt due to peso depreciation.“This was partially offset by the P13.56-billion effect of favorable third-currency adjustments,” the Treasury added.

Meanwhile, external debt also rose by 10.5 percent to P4.910 trillion in June 2024 from P4.445 trillion in the same month last year.