The Philippine government’s outstanding debt decreased by 0.9 percent to P15.55 trillion (about $281 billion) as of end-August from the previous month.
The decline was primarily due to the peso’s appreciation and net repayments of external debt. Domestic securities accounted for 69.4 percent of the total debt, while external obligations made up 30.6 percent.
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Domestic debt increased by 0.4 percent to P10.79 trillion in August, driven by net government security issuance. External debt, however, decreased by 3.6 percent to P4.76 trillion, primarily due to the peso’s appreciation and net repayments.
The government’s guaranteed obligations rose by 5.6 percent to P364.03 billion in August.
