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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 peso bloats government debt
Since the beginning of the year, liabilities have piled up by 4.31 percent or P762.78 billion.
