The Philippine government's outstanding debt declined slightly to 3.867 trillion (69.05 billion US dollars) pesos as of the end of April from 3.869 trillion pesos (69.09 billion dollars) in March, the Bureau of Treasury said.

The bureau said in a statement that 1.803 trillion pesos, or 47 percent of the total, were foreign borrowings, and 2.064 trillion pesos or 53 percent were domestic loans.

According to the bureau, the domestic debt rose 0.23 or 4.8 billion pesos from the recorded March level arising from net issuance of government securities made by the government.

On the other hand, foreign debts fell 7 billion pesos due to the appreciation of the peso against the US dollar during April and the 2 billion pesos net repayments from various loans.

However, the depreciation of third currencies against the US dollar increased the foreign debt by 7 billion pesos, it added.

Source: Xinhua