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The Philippines' sovereign debt climbed higher in April following the depreciation of the Philippine peso and the government's net financing during the period, data released by the Bureau of the Treasury on Thursday showed.The national government's debt stock stood at P15.017 trillion as of end-April, 0.61% higher than the P14.925 trillion as of end-March, and 7.95% higher than the P13.911 trillion as of end-April 2023.
457 trillion in external debt securities."Although there was a net repayment of P32.91 billion in foreign loans within the month, the considerable depreciation of the peso caused a P109.31 billion upward adjustment in the local valuation of US dollar-denominated debt," the BTr said.This was partly offset by the P15.91-billion downward adjustment due to the opposite movement of third-currency debt.The government's guaranteed obligations stood at P350.06 billion, marking a P10.
Peso Dollar Exchange National Debt Government Debt