PH debt hits new high of P11.92T

The national government's outstanding debt hit a new high of P11.92 trillion in September due to increased domestic and foreign borrowing and peso depreciation.

Domestic debt, accounting for 70.4% of the total, rose by 2% month-on-month and 30.3% year-over-year to P8.39 trillion.

The increase was driven by a net issuance of treasury bills and bonds, adding P167.45 billion in IOUs to domestic debt.

Since January, government debt has risen by 21.7%, or P2.12 trillion over nine months.