National Government Credit (NG) We have hit P166.05 Trillion near 2024 between high credit and a strong dollar, Burr) said on Tuesday.
Data from Treasurer shows an outstanding credit for 9.8% or P1.44 trillion from P144.62 trillions near the end of 2023.
Month month, credit has decreased by 0.2% from the upper P16.09 trillion record from the end – November.
“A credit level at the end of the year is closely accompanied by 2025 budgets for spending and well-being of P166.06 trillion financial security, indicates less variations of 0.03%, “said BTR.
An outstanding credit as a fully-product budget (GDP) has reached 60.7% from the END-2024 from 60.1% annually, the Treasury said.
This was more than 60% vest observed by multilateral lenders to treat economic development.
It was also a higher focus of the Public Tag Target of 60.6 Credit of 60%, especially due to the best GDP growth effect 5.6% 5.6%.
“However, a minor deviation from the edited debt emphasizes the applicable financial strategies and debt management strategies, including its effective management and external credit time,” added.
The Treasury pointed the expansion of the ages of the “P1.31-trillion.
Philippine Peso by 2024 Closed at P57.845 in comparison with a dollar, weaken with P2.475 or 4.28% from its late -23.
Data from BTR has shown a number of or 68.1% of total credit debt appears in the home debt, and 31.9% from external sources.
Home credit rose at 9.1% to P10.93 trillion from the end-December from P10.02 trillion by the end of 2023. This was especially composed from the achievement of government.
“The Net of the Net Home Securities offered P905.31 billion in the increase of the year, while the local cash decline increased the value of the outstanding peue.18 billion,” said the Treasury.
Month month, the lent of the family has been reduced by 0.92 trillion in November.
At that time, foreign lending is 11.4% to P5.12 trillion from the end – 2024 from P4.6 Trillion by the end of 2023.
“The increase of the year for the year has been due to P401.74 billion in the bills facing P401.7 billing debt faces with the US dollar has increased by executive debt with P201.55 billion,” said BTR.
“The third cash resolution has given the P90.74 billion down to FASTSET repairs.”
The external debt consisted of p2.68 trillion in the Global Bonds and P2.44 Trillion in the loop.
Last year, the government lifted $ 4,5 billion from international market. It has issued US World Bonds, raise $ 2 billion in May and $ 2,5 billion in August.
The month of the month, the external debt has dropped by 0.9% from P5.17 trillion in November “as a depreciation of billions of peso billion. “
At the outskirts of December, the ties of NC be full of 0.8% in P346.66 billion from P349.44 billion last year.
Month month, a certified debt was reduced by 17.9% from P422.04 billion at the end – in November.
“Month anniversary month in November 2024),” The Rizal Commerce Banking Corp. Economist Economist Michael L. Ricafut said.
“The strongest peso has successfully reduced the external debt of the NG NG.
Mr Ricafort said an outstanding debt would “go up to the New RECORD PIGS” after the NG’s $ 3.3llion Billion Billion Billi was issued last month.
The Philippines lifted $ 3.3 billion from the release of sustars and the Euro-Descominited Sustainability Bond in January.
NG Credit Stock is expected to hit P17.35 trillion in 2025.
The national government plans to borrow P2.55 trillion this year – P2.04 trillion from the home market and P507.41 billion from external sources.
The government intends to reduce credit estate to 60.4% this year, 60.2% in the year 2026 and 56.3% in 2028. – ARE SAant
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