Arab Today, arab today philippine government debt jumps to 12767bn by 2013
Last Updated : GMT 22:58:51
Arab Today, arab today
Arab Today, arab today

Philippine government debt jumps to $127.67bn by 2013

Arab Today, arab today

Arab Today, arab today Philippine government debt jumps to $127.67bn by 2013

Manila - XINHUA

The Philippine national government' s outstanding debt jumped by 4.5 percent to 5.681 trillion pesos ( about 127.67 billion U.S. dollars) as of the end of 2013, but its share to the country's gross domestic product (GDP) declined, data released Tuesday by the Bureau of the Treasury showed. "As a percentage of GDP, NG (National Government) debt dropped to 49.2 percent in 2013 from 51.5 percent in 2012 behind the government's proactive liability management efforts. Furthermore, external and domestic debt both fell to 16.9 percent and 32.3 percent of GDP from previous levels of 18.6 percent and 32.8 The debt-to-GDP ratio is a measure of the state's capacity to settle obligations. It is also an indicator looked at by international institutions, such as credit rating agencies. The Philippine government attributed the increase in outstanding debt to higher domestic obligations, with 66 percent of the total debt sourced from local creditors. Data showed that the government's local loans increased by 7.6 percent year-on-year to 3.733 trillion pesos (83.89 billion dollars). Meanwhile external debt fell by 1.1 percent from the previous year's level to 1.948 trillion pesos (43.78 billion dollars). "This is in line with the government's borrowing program which focused (on) domestic borrowing to manage foreign exchange risk and develop the domestic capital market while taking advantage of ample domestic liquidity," the bureau explained. According to the Philippines' Budget of Expenditures and Sources of Financing for 2014, the national government's debt is seen to breach the 6-trillion-peso mark, hitting 6.322 trillion pesos (142.07 billion dollars) by the end of this year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today philippine government debt jumps to 12767bn by 2013 Arab Today, arab today philippine government debt jumps to 12767bn by 2013

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today philippine government debt jumps to 12767bn by 2013 Arab Today, arab today philippine government debt jumps to 12767bn by 2013

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday