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Philippine debt hits 126.89 Billion U.S. dollars as of Sept

English.news.cn   2012-11-13 21:23:20            

MANILA, Nov. 13 (Xinhua) -- The Philippine government's debt rose to 5.213 trillion pesos (about 126.89 billion U.S. dollars) as of September due to the increase of domestic debt, the Bureau of Treasury (BTr) said Tuesday.

According to the data released by the agency, the debt of the country increased by 31.94 billion pesos (about 0.78 billion dollars) in September.

"Of the total debt, 2.028 trillion pesos (about 49.36 billion dollars) or 38.91 percent is owed to foreign creditors and 3.184 trillion pesos (about 77.50 billion dollars) or 61.09 percent to domestic creditors," the Treasury said.

Foreign debt plunged by 17.38 billion pesos (about 0.42 billion dollars) from end-August level due to the appreciation of the local currency against the U.S. dollar and net repayment, BTr said.

On the other hand, domestic debt increased by 49.32 billion pesos (about 1.20 billion dollars) from the previous month's level, mostly because the Philippines issued new government securities, the bureau added.

Editor: Wang Yuanyuan
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