Loan Digest

Philippine debt carves fresh record of P13.856 trillion

  • 📰 gmanews
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 68%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

The Philippine government’s outstanding debt surged to a new record high in March as the country accumulated P104.142 billion worth of additional obligations during the month, resulting in total debt of P13.856 trillion, data released by the Bureau of the Treasury showed.

Broken down, P9.513 trillion came from domestic debt, including P156 million from direct loans, and P9.513 trillion from debt securities.

The government reported P4.343 trillion worth of external debts, based on the foreign exchange rate of P54.318:$1. The external obligations include P1.947 trillion coming from loans, and P2.396 trillion coming from debt securities. The same data from the BTr showed that there were P384.118 billion worth of guaranteed debt as of March, covering P202.083 billion domestic, and P182.035 billion external.this year, and have an annual increase of P512.7 billion until it reaches P6.6 trillion in 2028 due to additional tax reforms.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Philippine Military AcademyThe top 10 of the Philippine Military Academy's Madasigon Class of 2023 pose for a photograph on Monday, May 8. Warren Leonor is the class valedictorian among the 311 cadets who will graduate from the academy on May 21. Photos by Mau Victa/Rappler
Source: rapplerdotcom - 🏆 4. / 86 Read more »

Negros OrientalTwo months after the assassination of Negros Oriental governor Roel Degamo, another victim Fredilino Cafe Jr dies due to complications from a gunshot wound. Pamplona Mayor Janice Degamo, the governor's widow, confirms his death in a Facebook post. This brings the number of casualties from the Pamplona massacre up to 10, including the late governor Degamo. | via ryanmacasero
Source: rapplerdotcom - 🏆 4. / 86 Read more »