Government debts reach P5.9T in first semesterThe National Government’s (NG) outstanding debt hit P5,948 billion at the end of this year’s first semester, according to the Bureau of the Treasury (BTr). Nevertheless, the domestic debt level has fallen by 1.4% or P55.88 billion since the beginning of the year. To date, external debt stock has increased by 2.4% or P49.35 billion over the last six months. On the other hand, NG external debt stood at P2,120 billion, 1.5% or P31.15 billion higher compared to the end-May 2016 level of P2,088 billion. Accordingly, NG guaranteed obligations has gone up by 28.6% or P125.40 billion from the end-2015 level of P437,888 billion.

Source: Manila Bulletin August 07, 2016 15:00 UTC