SDDS:  External Debt 1/                
In Million USD                
                 
  Outstanding 1/ Outstanding 1/ Outstanding 1/ Outstanding 1/ Outstanding 1/ Outstanding 1/ Outstanding 1/ Outstanding 1/
  as of End as of End as of End as of End as of End as of End as of End as of End
  Dec-2004 Dec-2005 Dec-2006 Dec-2007 Dec-2008 Mar-2009 Jun-2009 Sep-2009
1.  General Government 25,794 25,713 27,222 28,430 29,630 29,171 29,473 31,303
a.  Short-term  
1.  Bonds and notes  
b.  Long-term 25,794 25,713 27,222 28,430 29,630 29,171 29,473 31,303
1.  Bonds and notes 10,034 11,899 13,203 13,397 12,505 12,539 12,703 13,569
2.  Trade credits 8 4 1 0  
3.  Loans 15,752 13,810 14,018 15,033 17,125 16,633 16,770 17,734
2.  Monetary Authorities 2,721 1,866 440 337 1,805 1,748 1,237 809
a.  Short-term 875 416 1,500 1,500 1,000 600
1.  Loans 875 375 1,500 1,500 1,000 600
2.  Deposits 41  
b.  Long-term 1,846 1,451 440 337 305 248 237 209
1.  Bonds and notes 392 289 248 337 305 248 237 209
2.  Loans 699 771 192  
3.  Deposits  
4.  Use of IMF credits 755 390  
3.  Banks 6,929 9,219 9,434 10,006 6,325 5,356 4,542 4,882
a.  Short-term 2,430 4,397 3,197 4,627 3,246 2,464 1,690 1,861
1.  Loans 1,929 3,882 2,668 3,660 2,161 1,432 1,051 1,058
2.  Deposits 501 514 529 967 1,085 1,032 639 803
b.  Long-term 4,499 4,822 6,237 5,379 3,079 2,892 2,852 3,021
1.  Bonds and notes 639 632 734 539 159 158 163 148
2.  Loans 3,296 3,721 5,002 4,275 2,920 2,657 2,601 2,787
3.  Deposits 565 469 502 565 77 87 87
4.  Other Sectors 17,668 15,791 14,675 14,593 14,287 14,434 14,872 14,437
a.  Short-term 1,741 1,582 1,812 2,456 2,255 2,536 3,063 2,616
1.  Bonds and notes 25  
2.  Trade credits 1,282 1,188 1,551 2,153 1,746 2,039 2,652 2,197
3.  Loans 435 394 262 303 509 497 411 419
b.  Long-term 15,927 14,209 12,863 12,137 12,032 11,897 11,809 11,820
1.  Bonds and notes 4,749 4,363 4,524 4,288 4,350 4,184 4,549 4,504
2.  Trade credits 502 523 482 160 123 122 119 118
3.  Loans 10,676 9,323 7,857 7,689 7,559 7,592 7,141 7,197
5.  Direct investment:  Intercompany lending 1,734 1,596 1,595 1,571 1,809 1,774 1,701 1,703
1.  Loans 1,734 1,596 1,595 1,571 1,809 1,774 1,701 1,703
Total 54,846 54,186 53,367 54,938 53,856 52,483 51,825 53,135
   
1/  Excludes the following monitored private sector accounts:              
(a) Gross "Due to Head Office/Branches Abroad" of branches and offshore banking units of foreign banks operating in the Philippines, which are treated as quasi-equity in view of nil and/or token amounts of permanently assigned capital required of these banks, are excluded from  "Item 3. Banks" 2,578 3,042 2,674 2,812 2,989 2,943 2,810             2,832
(b) Long-term loans of non-banks obtained without BSP approval/registration which can not be serviced using the foreign exchange resources of the Philippine banking system are excluded from
"Item 4. Other Sectors"		 2,708 3,433 3,985 7,357 6,966 6,905 5,970             6,261
(c) Long-term obligations under capital lease agreements which are excluded from
"Item 4. Other Sectors"		 1,323 1,318 1,092 1,045 996 931 997             1,068
Effective March 31, 2004, Philippine external debt statistics have been revised to reclassify            
Offshore Banking Units in the Philippines as residents for statistical purposes.  
Source:  International Operations Department