THE Bureau of Treasury said that the Philippine government debt further grew in  January, as it brought the total outstanding balance to P14.790 trillion at the end of the month.

The BTr said that this is the issuance of securities and the depreciation of the peso.

According to the data from the BTr, it stated that the latest debt balance reflects a P173.91-billion.

This is a 1.19% increase from the P14.616 trillion at the close of 2023.

It is also P1.091 trillion or 7.97% higher than the P13.698 trillion in January 2023.

When broken down, the domestic debt is at P10.162 trillion. 

Meanwhile, the issuances for the month stood at P211.11 billion, while principal payments stood at P69.67 billion, resulting in a net issuance of P141.44 billion.

In terms of external debt, the BTr reported an increase of P29.66 billion or 0.65% to P4.63 trillion, as the peso depreciation contributed P81.73 billion.