The Bureau of the Treasury on Friday, December 4, said that the total debt stock in October grew by P658.81 billion or 7% more from its end-September level due to external and domestic loan availments.
Of the total outstanding debt stock, 28.4% was sourced externally while 71.6% is domestic debt.
Domestic debt amounted to P7.08 trillion, 9.9% more than end-September due to short-term borrowings from the Bangko Sentral ng Pilipinas and issuance of government securities.
To date, domestic debt went up by P1.95 trillion, 38% higher since the start of the year.
Meanwhile, loans sourced externally in October grew 0.7% to P2.95 trillion, P19.8 billion more than September.
Minus debt payments, the Philippines, so far, incurred P2.3 trillion in debt, 29.7% more than 2019. – Rappler.com