Government debt slightly down in December

THE national government’s (NG) total outstanding debt amounted to P16.05 trillion in December last year down by 0.24 percent from the P16.09 trillion in November.

The Bureau of the Treasury (BTr) yesterday said the end-year debt level is closely aligned with the 2025 Budget of Expenditures and Sources Financing projections of P16.06 trillion.

BTr data showed that domestic debt reached P10.93 trillion and external debt amounted to P5.12 trillion.

The BTr meanwhile said the corresponding debt-to-GDP (gross domestic product) ratio of 60.7 percent was slightly above the 60.6 percent revised Medium-Term Fiscal Framework estimate, due to the lower-than-expected full-year real GDP growth 5.6 percent last year.

“Nevertheless, the minimal deviation from the programmed debt underscores NG’s effective cash and debt management strategies, including its proactive management of the level and timing of its external debt issuances amidst volatile exchange rate environment,” said the BTr. (PNA)

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