The national government’s debt stock continued to ebb, settling at P17.455 trillion at the end of September.
The Bureau of the Treasury said on Thursday total outstanding debt shed P13 billion from P17.468 trillion at end-August.
‘The continued decrease reflects the government’s sound fiscal discipline, strategic borrowing strategy and proactive liability management, supported by steady market conditions and robust domestic investor confidence,’ the Treasury said.
Domestic debt decreased by 0.9 percent to P11.97 trillion. Foreign borrowings increased by 0.05 percent to P5.48 trillion. This was mainly due to the weaker peso.