The Philippines' outstanding debt stock dipped to P18.47 trillion as of end-April, according to the Bureau of the Treasury, as repayments of domestic securities tempered the impact of a weakening peso, Philstar Biz reported.
The decline from the previous month's P18.50 trillion was attributed to net repayments of domestic debt securities, which outweighed the upward pressure from peso depreciation on foreign-currency-denominated borrowings. Domestic debt accounted for the bulk of the total, while external debt remained largely stable.
The government continues to manage its debt portfolio amid currency fluctuations and global interest rate trends, aiming to keep borrowings within sustainable levels as it funds infrastructure and social programs.