The National Government (NG) debt eased to P17.47 trillion at the end of August, reflecting a decline of P95.07 billion or 0.5 percent from the previous month.

This was mainly due to the government’s full repayment of its biggest local bond for the year, worth P516.34 billion, and a stronger peso, which reduced the value of the country’s external debt.

The debt reduction was accompanied by an improvement in the country’s debt profile as the share of domestic debt to total borrowings increased to 69.2 percent from 68.9 percent in the previous month. Bureau of Treasury