National govt debt hits P10.77 trillion in March

ABS-CBN News

<div class='embed-wrap'><figure data-feedback='fb:likes,fb:comments'><img src='https://sa.kapamilya.com/absnews/abscbnnews/media/2017/generic/peso.jpg' ></figure></div><p>MANILA – The national government’s total outstanding debt rose to P10.77 trillion as of end-March 2021, the Bureau of Treasury said on Monday. </p><p>The government borrowed another P368 billion in March, representing a 3.5 percent increase from February 2021. </p><p>From January to March, the national government's debt increased by P978.8 billion, representing a 10 percent increase in borrowings, year-to-date. </p><p>Since March last year, the government has also borrowed almost P2.3 trillion, representing a 27.1 percent increase in the national debt year-on-year.</p><p>Treasury said that of the total debt stock, 28 percent was foreign debt while 72 percent was domestic debt.</p><p>Domestic debt amounted to P7.74 trillion, while foreign debt was at P3.03 trillion. </p><p>The Philippines has been borrowing heavily to finance its infrastructure push, and its COVID-19 response. </p><ul class='op-related-articles'>	<li><a href='https://news.abs-cbn.com/spotlight/01/21/21/philippines-covid-19-loans-balloon-to-p641-billion-to-be-paid-until-2049'>Philippines' COVID-19 loans balloon to P641 billion; to be paid until 2049</a></li>	<li><a href='https://news.abs-cbn.com/news/12/14/20/philippines-ready-to-take-more-loans-to-fund-covid-19-vaccine'>Philippines ready to take more loans to fund COVID-19 vaccine</a></li></ul><p>Despite this, the country has the second-highest tally of infections and deaths due to the disease in Southeast Asia. It was also the last in the region to secure supplies of COVID-19 vaccines.</p><p>The Philippine economy, which suffered its worst contraction since the Second World War, is also seen to recover more slowly than its neighbors. </p><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&key=e8c22c015ca9eafa76f1e3edfa03c603&spid=3001339&vid=1616798' width='100%'></iframe></figure><div class='iwantbar'>Watch more in <a href='//www.iwantv.com.ph/'>iWantv</a> or <a href='//tfc.tv/'>TFC.tv</a></div>

<p>Since March last year, the government has also borrowed almost P2.3 trillion, representing a 27.1 percent increase in the national debt year-on-year.</p><p>Treasury said that of the total debt stock, 28 percent was foreign debt while 72 percent was domestic debt.</p><p>Domestic debt amounted to P7.74 trillion, while foreign debt was at P3.03 trillion. </p><p>The Philippines has been borrowing heavily to finance its infrastructure push, and its COVID-19 response. </p><ul class='op-related-articles'>	<li><a href='https://news.abs-cbn.com/spotlight/01/21/21/philippines-covid-19-loans-balloon-to-p641-billion-to-be-paid-until-2049'>Philippines' COVID-19 loans balloon to P641 billion; to be paid until 2049</a></li>	<li><a href='https://news.abs-cbn.com/news/12/14/20/philippines-ready-to-take-more-loans-to-fund-covid-19-vaccine'>Philippines ready to take more loans to fund COVID-19 vaccine</a></li></ul><p>Despite this, the country has the second-highest tally of infections and deaths due to the disease in Southeast Asia. It was also the last in the region to secure supplies of COVID-19 vaccines.</p><p>The Philippine economy, which suffered its worst contraction since the Second World War, is also seen to recover more slowly than its neighbors. </p><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&key=e8c22c015ca9eafa76f1e3edfa03c603&spid=3001339&vid=1616798' width='100%'></iframe></figure><div class='iwantbar'>Watch more in <a href='//www.iwantv.com.ph/'>iWantv</a> or <a href='//tfc.tv/'>TFC.tv</a></div>

<p>The government borrowed another P368 billion in March, representing a 3.5 percent increase from February 2021. </p><p>From January to March, the national government's debt increased by P978.8 billion, representing a 10 percent increase in borrowings, year-to-date. </p>

<div class='embed-wrap'><figure data-feedback='fb:likes,fb:comments'><img src='https://sa.kapamilya.com/absnews/abscbnnews/media/2017/generic/peso.jpg' ></figure></div><p>MANILA – The national government’s total outstanding debt rose to P10.77 trillion as of end-March 2021, the Bureau of Treasury said on Monday. </p>

<p>The national government’s total outstanding debt rose to P10.77 trillion as of end-March 2021, the Bureau of Treasury said on Monday. </p>

The national government’s total outstanding debt rose to P10.77 trillion as of end-March 2021, the Bureau of Treasury said on Monday.

National govt debt hits P10.77 trillion in March | ABS-CBN News

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National govt debt hits P10.77 trillion in March

National govt debt hits P10.77 trillion in March