The national government's outstanding debt stood at P11,071,130,000,000 as of end of May 2021, the Bureau of the Treasury has said.
In a statement, the BTr said the government's total debt stock slightly increased by P79.81 billion or 0.73% from its end of April level with the strong peso tempering further increases.
The BTr said 28.5% of the total was sourced externally while 71.5% was borrowed domestically.
The external debt of P3.155 trillion was P23.56 billion or 0.74% lower from the previous month, said the treasury.
"The lower external debt figure was due to the P28.58-billion impactof local -currency appreciation against the US dollar and the net repayment of foreign loans amounting to P0.22 billion," the BTR said.
The national government’s outstanding debt widened to a record-high at the end of April 2021 when it reached P10.991 trillion.
It was 2% higher compared to end-March’s level of P10.774 trillion. —NB, GMA News