Off the wire
• 1st LD-Writethru: China Focus: Typhoon Meranti leaves at least 14 dead  • Nigerian gov't to inject more than 1 bln USD into collapsing economy  • Russia's failure to return Smolensk crash plane wreckage causes speculation: Polish president  • Philippine volcano spews ash  • Eight African trading blocs to discuss continental free trade area in Dec  • UKIP names new leader to succeed Nigel Farage  • Egypt receives second French Mistral warship  • 34th world congress of art history opens in Beijing  • Russia cuts its key interest rate amid sustained inflation drop  • Six officials punished after woman kills her four children in NW China  
You are here: 　 Home

Philippine external debt up to 77.7 bln USD in June

Xinhua, September 16, 2016 Adjust font size:

The Philippine outstanding external debt slightly rose to 77.7 billion U.S. dollars as of June, the local central bank said Friday.

The June level was 81 million U.S. dollars or 0.1 percent higher from 77.6 billion U.S. dollars in March.

"The increase was attributed to foreign exchange revaluation adjustments as the U.S. dollar weakened, particularly against the Japanese Yen, whose impact was offset by net repayments, previous periods' adjustments due to late reporting and reduction in non-resident holdings of Philippine debt papers," said Bangko Sentral ng Pilipinas Governor Amando M. Tetangco Jr.

Year-on-year, the debt stock rose by 2.7 billion U.S. dollars or 3.6 percent from 75.0 billion U.S. dollars in June 2015 due to foreign exchange revaluation, and other adjustments in previous periods, as well as net availments.

A 424 million-U.S. dollar decline in non-resident investments in Philippine debt papers issued offshore partly mitigated the upward trend in debt stock.

External debt refers to all types of borrowings by Philippine residents from non-residents, following the residency criterion for international statistics. Endit