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Philippine debt rises to P13.75 trillion in February

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<p>MANILA - The Philippine national government&#x27;s total outstanding debt reached P13.75 trillion as of the end of February, higher by 0.4 percent compared to the previous month, the Bureau of Treasury said on Thursday.</p><p>Out of the total debt stock, 31.3 percent was sourced externally while 68.7 percent were domestic borrowings, the BTr said. </p><p>Domestic debt amounted to P9.44 trillion, higher by 0.6 percent in January, data showed. Meanwhile, foreign debt reached P4.31 trillion or 0.1 percent lower than the previous month, records showed.</p><p>The slight decline in external debt was due to the net repayment of foreign loans and the impact of third-currency adjustments against the US dollar which outweighed the effect of local currency depreciation, the BTr said. </p><p>The government earlier said its debt-to-GDP ratio improved to 60.9 percent in the third quarter of 2022.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/02/02/23/ph-sovereign-debt-at-p1342-trillion-as-of-end-december-2022">PH sovereign debt at P13.42 trillion in December; debt-to-GDP ratio at 60.9 pct</a></li>	<li><a href="https://news.abs-cbn.com/business/03/07/23/philippine-debt-rises-to-p137-t-as-of-january-2023">Philippine debt rises to P13.7-T as of January 2023</a></li>	<li><a href="https://news.abs-cbn.com/business/03/07/23/philippine-debt-rises-to-p137-t-as-of-january-2023">Philippine debt rises to P13.7-T as of January 2023</a></li></ul><div><strong>RELATED VIDEO</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2034390" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

The Philippines' debt reached P13.75 trillion as of the end of February, higher by 0.4 percent compared to the previous month, the Bureau of Treasury said on Thursday.