RP debt at $68.93 billion

Wed, 06 Jul 2005 | Source: AFP

MANILA: The Philippine government's outstanding debt reached 3.867 trillion pesos (US$68.93 billion) in April, including $32.14 billion owed to foreign creditors, the central bank said on Tuesday.

Domestic debt rose 0.23 percent over the previous month to 2.064 trillion pesos due to net issues of government securities, while the foreign debt declined by about seven billion pesos due to the peso's net appreciation against the dollar and the repayment of various loans.

Manila's total debt excludes guarantees worth 598 billion pesos on securities issued by state-run firms like National Power Corp. -- AFP

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