Government debt up by 14.4 percent to P13.42 trillion



The national government’s (NG) debt went up by a significant 14.4 percent
settled at P13.42 trillion at the end of 2022 from the P11.73 trillion at end-

The Bureau of the Treasury (BTr) also said Thursday the full-year NG debt
went down by PP225.31 billion, or 1.7 percent, from P13.64 trillion by end-
November last year, also due to the net redemption of domestic government
securities (GS).

Of the total, domestic debt accounted for 68.62 percent of the total debt last
year amounting to P9.21 trillion.

Domestic debt declined by 2.3 percent, or P219.58 billion, compared to P9.43
trillion as of end-November last year.

The BTr attributed the decline to the net redemption of P217.95 billion worth
of GS and the peso appreciation, which reduced by P1.63 billion the peso
value of foreign currency-denominated liabilities.

Foreign debt accounted for 31.38 percent of NG liabilities amounting to P4.21
trillion as of end-2022, lower by P5.73 billion from the end-November 2022


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