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Govât debt stock hits P10.77 trillion as of end-March
May 4, 2021 | 12:34 am
BW FILE PHOTO
THE National Governmentâs outstanding debt reached P10.774 trillion as of end-March, after the sale of retail Treasury bonds (RTB), the Bureau of the Treasury (BTr) reported on Monday.
The BTr said the countryâs debt stock went up 3.5% from the P10.405-trillion level recorded in February, and rose 27% from P8.477 trillion seen in the period ending March 2020. Since the year started, the debt pile grew by 10% from P9.795 trillion.
The total comprised 72% of local debt and 28% in foreign borrowings.
The increase in outstanding debt was attributed to the 5.2% month-on-month growth in domestic debt to P7.745 trillion, after the BTr raised P411.8 billion in fresh funds from the sale of three-year RTBs on March 4.
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