MANILAubet95, Philippines — Government debt decreased to P15.55 trillion at the end of August, primarily attributed to the revaluation effect of peso appreciation and the net repayment of external debt, the Bureau of the Treasury (BTr) said on Tuesday.
The BTr showed that total state obligations declined by P139.79 billion in August, down by 0.9 percent from the previous month.
Compared with a year ago, the debt load increased by 8.4 percent, or an additional P1.2-trillion debt in August.
Of the overall debt stock, 69.40 percent are domestic securities while 30.60 percent are external obligations.
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