Philippine debt rises to P16.09 trillion in November as peso depreciates

Philippine debt rises to P16.09 trillion in November as peso depreciates

Arthur Fuentes,

ABS-CBN News

Published Jan 07, 2025 03:46 PM PHT

MANILA - The Philippines' sovereign debt climbed to P16.09 trillion at the end of November, the Bureau of Treasury said on Tuesday.

This was P70.7 billion or 0.4 percent higher compared to the national debt at the end of October. Treasury said this was mainly due to net financing and the depreciation of the peso. 

"The peso depreciated against the US dollar from P58.198 as of end-October 2024 to P58.602 as of end-November 2024," the agency said. 

Of the total debt stock, P10.92 trillion or 67.87 percent, was domestic debt. Foreign debt meanwhile made up P5.17 trillion or 32.13 percent of the total debt stock.

Para sa karagdagang balita bumisita sa aming social media Acount. 

Visit my Facebook:Duds political
YouTube channel: Follow
Email us: Email me

All rights reserved ©Duds Political .

thanks for visit my website, since 2025.