PH debt up slightly to P16 trillion as of October

on

PH debt up slightly to P16 trillion as of October

The country’s total outstanding debt slightly increased by 0.8% to P16.02 trillion as of end-October, with nearly 68% owed to the domestic market or lenders.

“The increase was primarily driven by the valuation impact of peso depreciation against the US dollar from P56.017 at end-September 2024 to P58.198 at end-October 2024,” the Bureau of the Treasury (BTr) said.

Domestic debt, accounting for about 67.98% of the total debt stock, amounted to P10.89 trillion, 0.4% lower than the end-September level.

The BTr said the decline was primarily due to the P52.65 billion net redemption of government securities, partially offset by the P6.23 billion escalation in peso conversion of US dollar-denominated domestic debt due to the weakened peso.

The total external debt, meanwhile, went up by 3.5 percent to P5.13 trillion.

“The increase was driven by net foreign loan availabilities totaling P20.47 billion, as well as foreign exchange movements, which added P152.90 billion to external debt,” the BTr said.

The Treasury noted that the impact of peso depreciation against the US dollar also increased external debt.


Discover more from Current Ph

Subscribe to get the latest posts sent to your email.

LEAVE A REPLY

This site uses Akismet to reduce spam. Learn how your comment data is processed.

MUST READ

Defunding Rail Maintenance: Keeping Today’s Trains Alive for Tomorrow’s...

Buhayin ang Lumang Tren By Paul Y. Chua, PhD One Metro Manila line still runs cars that first carried passengers in December 1999, nearly 27 years...

MAS PINABILIS NA ANG PAGBIYAHE SA VICTORY LINER!

MAS PINABILIS NA ANG PAGBIYAHE SA VICTORY LINER! Mas madali at mas convenient na ang pagkuha ng bus tickets! Alamin kung paano gagawing mas mabilis at...

MC Taxi Riders Appeal to LTFRB amidst Overboarding Issue

MANILA, Philippines, October 22, 2026 — Motorcycle taxi riders are calling on the Marcos administration and transport regulatory bodies to provide those operating beyond...

China’s Wolf Warriors are Back. Beijing Should Recall Its...

China's ambassador to the Philippines has accomplished in a few sentences what years of Chinese public diplomacy have struggled to prevent: He has reinforced the perception that Beijing regards its smaller neighbors not as sovereign equals, but as countries expected to accommodate its growing military and economic power.

Beyond the 2027 Invasion Timeline: Diplomatic Isolation, Ontological Security,...

This paper challenges military-centered assessments of a possible People's Republic of China (PRC) operation against Taiwan by 2027, arguing that Beijing's calculations may depend not only on military readiness and economic costs but also on diplomatic recognition, international legitimacy, and political identity. It advances a conditional framework integrating ontological security theory, the Chinese sociological concept of mianzi (face), and recognition politics. The paper proposes that Taiwan's declining diplomatic recognition could strengthen Beijing's sovereignty narrative, create a perceived loss of face for Taiwan's governing authorities, and alter the political conditions under which Beijing considers coercive or military unification. Drawing on official PRC statements, U.S. security assessments, and international relations scholarship, the analysis develops three propositions concerning recognition, status vulnerability, and coercive decision-making. It argues that complete diplomatic isolation could represent a significant political threshold without necessarily eliminating Taiwan's international relationships or legitimizing the use of force. The paper contributes to cross-strait security studies by identifying diplomatic recognition as a potentially important condition that shapes Beijing's assessment of the political feasibility and costs of unification, beyond conventional materialist explanations.

Discover more from Current Ph

Subscribe now to keep reading and get access to the full archive.

Continue reading

Discover more from Current Ph

Subscribe now to keep reading and get access to the full archive.

Continue reading