NG debt rises 9pct in November


Posted at Jan 22 2013 04:11 PM | Updated as of Jan 23 2013 03:25 AM

MANILA, Philippines - The national government's outstanding debt grew an annual 9% to P5.381 trillion in November on higher domestic borrowings.

Data from the Bureau of Treasury showed 63% or P3.406 trillion of total borrowings were owed to local investors, while the remaining P1.975 trillion were sourced from foreign entities.

Domestic debt in November went up by 20%, while external debt fell 5%.