Debt SituationerFreedom from Debt Coalition (FDC)

Debt and Public Finance Team

As of October 2009

(in trillion pesos, end-2008 uses US$1=47.40, end-July 2009 uses US$1=48.09)

NG Outstandingend 2008 vs. end July 2009

Php 4.221 T Php 4.223 T

Domestic (by instruments) Php 2.414 T 2.341

Treasury Bills 0.770 0.647

Treasury Bonds/Notes 1.628 1.684

Loans 0.016 0.009

Others 0 0

Foreign (by creditors) Php 1.806 T Php 1.882 T

Multilateral 0.278 0.293

Bilateral 0.477 0.459

Commercial 0.039 0.040

Foreign Denominated Securities 1.013 1.090

NG Contingent Liabilities 0.546 0.572Domestic Debt 0.073 0.089

Foreign Debt 0.473 0.483

Source: Bureau of TreasurySDADNote: Break-down of totals may not add up due to rounding of digits

as of end 2008as of end

September 2009

Total 160.108 107.378

External (Net) -9.202 80.812

External (Gross) 71.311 168.173

Project Loan 24.524 15.257

Program Loans 26.421 45.456

Bonds & Other Inflows 20.366 107.46

Less: Amortization 80.513 87.361

Domestic (Net) 169.310 26.566

Domestic (Gross) 429.261 252.938

Fixed Rate T - Bonds (Net) 213.048 294.217

Domestic Bonds Exchange 0 7.94

Retail Treasury Bonds 60.000 114.405

Treasury Bills (Net) 156.213 -163.624

Less: Amortization 259.951 226.372

NG Borrowingsin billion PhP

Source: Bureau of TreasurySDAD

End 2007 End 2008

Consolidated public sector debt (1+2-3) 4.773 4.726Domestic 2.202 1.791

Foreign 2.572 2.935

Financial public corporations (BSP, 3 GFIs) (i+ii) 1.843 1.436

Domestic 1.591 1.106

Foreign 0.252 0.329

i. BSP 2/ 1.668 1.258

Domestic 1.549 1.095

Foreign 0.119 0.163

ii. GFIs (DBP, LBP, TIDCORP) 0.175 0.178

Domestic 0.042 0.011

Foreign 0.133 0.167

Minus: Intrasector-debt holdings 1.128 1.228

Domestic 1.128 1.254

Foreign 0 0.023

Consolidated nonfinancial public sector debt 4.059 4.517

Domestic 1.739 1.889

Foreign 2.320 2.629

Public Sector Debt (in billion pesos)

Source: Department of Finance

in billion US$

in trillion PhP

By Borrower 51.825 2.483 Banking System 2/ 5.779 0.277 Central Bank 2/ 1.237 0.059 Bangko Sentral 3/ 4.542 0.218 Banks 2.727 0.131 Government Banks 4/ 1.815 0.087 Private Banks 0.612 0.029 Foreign Banks 1.203 0.058 Domestic Banks 46.046 2.206 Non-Banking System 35.332 1.693 Public 35.302 1.691 NG & Others 3/ 0.03 0.001 CB - BOL 2/ 10.714 0.513 Private 0.092 0.004 of which: Red Clause/Export Advances 51.825 2.483

Philippine External DebtAs of June 2009

Source: Bangko Sentral ng Pilipinas

DBM Proposed Spending for 2010 (in billion pesos)

Foreign Debt Service 253.459 Education Spending 235.210

Foreign Interest Payments 119.582 Health Spending 48.344

Foreign Principal Amortization 133.877 Natural Resources 13.317

Domestic Debt Service 492.716 Agriculture 55.368

Domestic Interest Payments 221.230 Housing and Community

Development 100.989

Domestic Principal Amortization 271.486

Water Resources Development and Flood Control

14.602

Note: Breakdown of totals may not sum up due to rounding of digits.

Ratio to GDP per Capita

2008 2008

Public Sector Debt 68.4% 56,734.01

NG Debt 56.5% 46,828.78

7.498 90,457,200

GDP (in trillion PhP)

Population

Important Debt Statistics