From the Website of PIA
links: http://news.pia.gov.ph/article/view/1751415260005/general-gov-t-debt-to-gdp-improves-further-to-37-3-as-of-june-2014
General gov't debt to GDP improves further to 37.3% as of June 2014
MANILA, Nov 7 -- As of June 2014, the General Government Debt stood at P4.5 trillion or 4.4% year-on-year up from June 2013 of P4.3 trillion. The General Government Debt to GDP ratio improved further to 37.3% as of the same period. This is a full 6 percentage point improvement from before the administration took office in 2009, when the general government debt to GDP ratio stood at 44.3%.
The National government (NG) debt is P5.7 trillion, slightly higher by 0.4% than Q1 2014, driven by domestic net issuance and the impact of peso depreciation against the US dollar.
Of the total debt, P1,919.1 billion or 34.0% is sourced from foreign creditors and P3,731.8 billion or 66.0% is sourced from the domestic market. The emerging total debt which is P5,650.9 billion, or 46.9% of GDP, went up from P5,628.4 billion, or 47.8% of GDP as March 2014.
Also contributing to the increase is the 0.5% higher local government units debt than the March 2014 level. The combined investment in government securities of the GSIS and SSS rose from P453.8 billion to P 485.7 billion Y.O.Y level.
General government debt includes outstanding debt of the NG, the CB-BOL, SSIs and LGUs, less intra-sector holdings of government securities including those held by the BSF. (DOF) - See more at: http://news.pia.gov.ph/article/view/1751415260005/general-gov-t-debt-to-gdp-improves-further-to-37-3-as-of-june-2014#sthash.jl2QNgJP.dpuf
PIA Website
http://www.pia.gov.ph/news/index.php
links:
http://news.pia.gov.ph/article/view/1751415260005/general-gov-t-debt-to-gdp-improves-further-to-37-3-as-of-june-2014
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