By Joann Santiago
The national government’s foreign debt slid by P17.45 billion, or 0.84 percent, to P2.06 trillion in April this year from P2.07 trillion the previous month, data from the Bureau of Teasury (BTr) show.
BTr attributed the decline to the P28.97 billion gained from the strengthening of the peso against the dollar and the P2.07 billion net repayment.
Domestic debt, on the other hand, expanded by P3.76 billion, or 0.12 percent, from month-ago’s P3.02 trillion due to the impact of the P4.07 billion net issuance of government securities and the P0.31 billion net depreciation of the dollar and euro against the peso on multi-currency retail treasury bond (RTBs).
BTr data show that total debt of the national government dropped to P5.08 trillion in April this year, down 0.27 percent or P13.7 billion, from the P5.09 billion in the previous month.
The bulk, or 59.48 percent, of the total was accounted for by liabilities from onshore creditors at P3.02 trillion while the balance of 40.52 percent amounting to P2.06 trillion was sourced from offshore fund sources.
Meanwhile, the government’s total liabilities increased by 7.71 percent year-on-year in April against year-ago’s P4.71 trillion.
The domestic debt rose by 12.40 percent, or P333.11 billion against P2.69 trillion in April 2011 while foreign debt rose by 1.49 percent, or P30.21 billion, against year-ago’s P2.03 trillion.
Relatively, the government’s contingent debt decreased by 0.10 percent to P548.96 billion last April from the previous month’s P549.5 billion.
This was traced to the P1.71 billion, or 0.44 percent, drop in foreign contingent debt to P390.39 billion from month-ago’s P392.10 billion.
Domestic contingent debt, on the other hand, rose by P1.18 billion, or 0.75 percent, to P158.58 billion against last March’s P157.40 billion.
Year-on-year, contingent debt rose by 5.84 percent or P30.27 billion from year-ago’s P518.69 billion.
Domestic contingent debt rose by P66.93 billion or 73.03 percent from year-ago’s P91.65 billion.