THE National Government’s total outstanding debt has increased to P15.02 trillion as of the end of April 2024 due to the net financing and the impact of Philippine peso depreciation against the US dollar.The Bureau of Treasury said the end April 2024 outstanding debt is .61 percent or P91.50 billion higher than the end-March 2024 level.The agency said the major factor for the increase was the depreciation of local currency against US dollar from P56.260 as of end March to P57.
78 billion effect of peso depreciation of foreign-currency-denominated domestic debt,” the bureau said.External debt stock also goes up by 1.30 percent or P60.49 billion with P110.38 billion or 2.40 percent increase as compared to its end-December 2023 level and by P255.42 billion or 5.74 percent on a year-on-year basis.“Although there was a net repayment of P32.91 billion in foreign loans within the month, the considerable depreciation of the peso caused a P109.