PH FOREIGN DEBT LUMIIT, $72.2B SA SECOND QUARTER

BSP-Governor-Nestor-Espenilla-Jr-2

BUMABA ang outstanding fo­reign debt ng Filipinas sa unang anim na buwan ng taon, ayon sa Bangko Sentral ng Pilipinas (BSP).

Sa datos ng BSP, ang outstanding external debt ay nasa $72.2 billion hanggang end-June, mas mababa ng 1.4 percent o $997 million kumpara sa $73.2 billion na naitala noong katapusan ng Marso.

“The reduction in the debt stock during the second quarter was mainly driven by negative foreign exchange revaluation adjustments as the US dollar strengthened against third currencies, particularly the Japanese yen,” paliwanag ni BSP Governor Nestor Espenilla, Jr.

“The decline in non-resident investments in Philippine debt papers and net principal repayment further contributed to the decline in the external debt stock,” sabi pa ni Espenilla.

Year-on-year, ang foreign debt stock ng bansa ay bumaba ng 0.4 percent o $294 million mula sa $72.5 billion na naitala noong katapusan ng Hunyo 2017.

“The country’s level of external debt has continued to decline in recent years from $77.7 billion as of end-2014 to $72.2 billion as of end-June 2018, which may be attributed to prudent debt management and Philippine corporate borrowers’ deleveraging from foreign borrowings in order to minimize foreign exchange risk,” aniya.

Ang external debt ay kinabibilangan ng lahat ng uri ng borrowings ng mga residente ng Filipinas mula sa non-residents.

Batay pa sa datos ng BSP, ang foreign debt na natamo ng public sector, na bumubuo sa 52.6% ng total external debt, ay bumaba sa $38.0 billion hanggang noong katapusan ng Hunyo 2018 mula sa $39.2 billion noong end-March 2018 dahil sa negative foreign exchange revaluation adjustments.

Tumaas naman ang private sector debt sa $34.2 billion mula sa $34 billion, resulta ng adjustments sa mga naunang period dahil sa late reporting.

“In terms of fund resources, multilateral and bilateral creditors –  had the largest share of 33.1 percent of the Philippines’ total outstanding debt, followed by foreign holders of bonds and notes at 30.7 percent, and obligations to foreign banks and other finan-cial institutions at 29.3 percent. The rest 7.0 percent was owed to other creditor types, mainly suppliers or exporters.

“The creditor mix continues to be well diversified, demonstrating the country’s ability to tap varied sources of financing both of-ficial and commercial sources, which gives the country sufficient flexibility to choose from a broad range of fund sources,” dagdag ni Espenilla.

Pagdating sa currency mix, karamihan sa debt stock ng bansa ay US dollar sa 61.5 percent at Japanese yen sa 12.9 percent.

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