Repayments drive dip in government debt stock

MANILA, Philippines – The Philippine government’s outstanding debt slightly declined to P18.47 trillion in April as repayments of domestic obligations outweighed the valuation impact of a weaker peso on foreign currency-denominated liabilities. Data from the Bureau of the Treasury showed total outstanding obligations receded by 0.09 percent, or P17.54 billion, month on month. READ: Weaker