The Philippines’ running sovereign debt stock has swelled to a new record-high as of end-May this year due to the impact of the peso depreciation and the government’s continued financing efforts, data released by the Bureau of the Treasury on Thursday showed.The national government’s outstanding debt stood at P15.347 trillion as of end-May, up 2.2% or P330.39 billion higher than end-April’s level of P15.017 trillion.
904 trillion.The Treasury said the increase in domestic debt, at 1.3% month-on-month, resulted from the P131.66 billion net issuance of government securities and the P2.68 billion effect of peso depreciation on foreign-currency denominated domestic debt.The BTr said the national government issued foreign currency-denominated securities in the domestic market, raising $1.11 billion , $1.26 billion , and $480 million .Since the start of 2024, the government’s domestic debt grew by 4.2% or P424.