The national government’s outstanding debts increased by a little over P12 billion in September, the Treasury bureau reported on Friday, bringing the year to date tally to P6.44 trillion. AdvertisementsSpecifically, securities offerings during the month added P12.37 billion – up 0.2 percent from August — to the debt tally, which the bureau said more than offset revaluation adjustments to foreign currency-denominated debt. The national government’s debt has increased by 5.81 percent or P353.8 billion since the start of the year, the bureau added. Domestic debt accounted for bulk of the end-September tally at P4.18 billion, P36.8 billion more compared to the previous month. External debt has increased by 4.6 percent or P99.4 billion so far this year, it added.

Source: Manila Times October 27, 2017 18:00 UTC