The Philippines' outstanding debt has reached PHP 13.911 trillion as of April 30, 2023, the Bureau of Treasury (BTr) reported on Wednesday.
In a statement, the BTr said the debt increase from March to April is at .4 percent or PHP 54.24 billion.
The increase was attributed to the net issuance of external debt and local currency depreciation against the US dollar, it added.
The agency said 68 percent of the total debt stock or P9.457 trillion was sourced domestically, while 32 percent or P4.453 trillion were from foreign borrowings.
The government earlier said its debt-to-GDP ratio improved to 60.9 percent in 2022.
“For April, the increment to external debt was due to the P27.98 billion net availment of external loans and P94.28 billion impact of local currency depreciation against the US dollar,” BTr said.
“On the other hand, third currency adjustments against the US dollar trimmed P12.30 billion from the peso value of foreign currency debt,” it added.
