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Last updated on July 29, 2018, 00:04
By Katherine Marajas
According to the Treasury Bureau reported on Friday night, the outstanding debt of the national government stood at 7 billion Pillions at the end of June
Due to the Treasury's retail bonds and the lower peso, the government's domestic debt rose to 2.7% or 183.62 billion pesos compared to the previous month.
The outstanding debt amounted to 7,016 trillion pesos at the end of June. 2.7 percent of 6.833 billion pound a month ago and 9.3 percent higher than the P6.417 billion pound a year ago, the BTr said in a statement
The government's external debt has reached P2 437 billion, up 1.2 percent month At the same time, the net issuance of government securities amounted to 154.32 billion pesos and the depreciation of the peso increased the value bonds in onshore dollars of 430 million pesos.
"The increase was partially offset by net repayments of loans of 1.58 billion pesetas and the impact of net depreciation on debt denominated in the third currency by an amount of of 8.5 billion pesos, "says BTr.
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