MANILA, March 4 (Xinhua) -- The Philippines' debt rose to 14.79 trillion pesos (roughly 263.57 billion U.S. dollars) as of end-January, a 1.19 percent increase from the total outstanding debt recorded in end-December 2023, the Philippines' Bureau of Treasury said over the weekend.

The bureau attributed the rise in January debt from the previous month's level to the net issuance of domestic securities and the effect of its currency peso depreciation.

Of the total debt stock, 31.29 percent was sourced externally, while 68.71 percent were domestic borrowings, the bureau said.

The Philippines' external debt amounted to 4.63 trillion pesos (82.5 billion dollars), 0.65 percent higher than the amount of December. The bureau attributed the external debt increase to the upward revaluation caused by local currency depreciation against the U.S. dollar.

Meanwhile, the bureau said the total repayment of external loans amounted to 85.41 billion pesos (1.51 billion dollars), resulting in a total net repayment of 23.55 billion pesos (420.4 million dollars) for January. Enditem

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