|Unit||Mil. USD, NSA|
|Adjustments||Not Seasonally Adjusted|
|Government Budget Balance||May 2022||-146,785||4,935||Mil. PHP, NSA||Monthly|
|Government Expenditures||May 2022||451,700||343,013||Mil. PHP, NSA||Monthly|
|Government Revenues||May 2022||304,915||347,948||Mil. PHP, NSA||Monthly|
|Outstanding Public Debt - Domestic||May 2022||28,871||29,856||Mil. PHP, NSA||Monthly|
|Outstanding Public Debt - Foreign||May 2022||28,573||13,119||Mil. PHP, NSA||Monthly|
|Gross External Debt||2022 Q1||109,753||106,428||Mil. USD, NSA||Quarterly|
|Outstanding Public Debt||2021 Q4||2,813,991,360,400||2,898,911,144,500||NCU, NSA||Quarterly|
External debt covers all short-term and medium-term obligations of the BSP, domestic commercial banks, public and private sectors payable to non-residents. The data is classified according to IMF's BPM6.
Short-term external debt are those with maturities of one year or less, while medium- and long-term external debt consist of foreign borrowings with maturities of more than one year. Official external debt statistics cover only BSP approved/registered borrowings, disbursed and outstanding. However, for transparency, the exclusions from the official debt statistics are also reported as footnotes to the external debt data. These are (a) intercompany accounts (gross Due to Head Office/Branches) of Philippine branches of foreign banks; (b) private sector loans without BSP approval/registration; and (c) private sector obligations under capital lease agreements.
Intercompany accounts of Philippine branches of foreign banks are excluded because these are treated by the monetary authority as quasi-equity, in view of the token amount of permanently assigned capital required from these banks. Meanwhile, private sector loans without BSP approval/registration are also not included because these do not represent claims against foreign exchange resources of the financial system since payments for these accounts are not allowed to be funded with banking system resources.
Debts classes include:
Source: International Operations Department