SDDS:  External Debt 1/            
In Million USD            
   
  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
  Dec-2006 Dec-2007 Dec-2008 Dec-2009 Dec-2010 Dec-2011
1.  General Government 27,222 28,430 29,630 32,190 35,688 37,387
a.  Short-term  
1.  Bonds and notes  
b.  Long-term 27,222 28,430 29,630 32,190 35,688 37,387
1.  Bonds and notes 13,203 13,397 12,505 14,194 16,606 17,611
2.  Trade credits 1 0  
3.  Loans 14,018 15,033 17,125 17,996 19,083 19,776
2.  Monetary Authorities 615 520 1,985 1,515 1,459 1,465
a.  Short-term 1,500  
1.  Loans 1,500  
2.  Deposits  
b.  Long-term 615 520 485 1,515 1,459 1,465
1.  Bonds and notes 248 337 305 201 175 173
2.  Loans 192  
3.  Deposits  
4.  Use of IMF credits  
5.  Other debt liabilities 2/ 175 183 180 1,313 1,285 1,293
3.  Banks 9,789 10,356 6,617 5,132 6,727 7,810
a.  Short-term 3,197 4,627 3,246 1,783 3,153 3,936
1.  Loans 2,668 3,660 2,161 889 2,037 2,749
2.  Deposits 529 967 1,085 894 1,116 1,187
b.  Long-term 6,592 5,729 3,371 3,349 3,574 3,874
1.  Bonds and notes 3/ 1,089 889 451 429 556 797
2.  Loans 5,002 4,275 2,920 2,830 2,943 2,982
3.  Deposits 502 565 90 75 95
4.  Other Sectors 14,675 14,593 14,287 14,352 14,667 13,706
a.  Short-term 1,812 2,456 2,255 2,219 3,143 3,077
1.  Bonds and notes  
2.  Trade credits 1,551 2,153 1,746 1,771 2,817 2,674
3.  Loans 262 303 509 448 326 403
b.  Long-term 12,863 12,137 12,032 12,133 11,524 10,629
1.  Bonds and notes 4,524 4,288 4,350 4,944 4,525 3,987
2.  Trade credits 482 160 123 119 101 95
3.  Loans 7,857 7,689 7,559 7,069 6,898 6,547
5.  Direct investment:  Intercompany lending 1,595 1,571 1,809 1,667 1,506 1,343
1.  Loans 1,595 1,571 1,809 1,667 1,506 1,343
Total 53,897 55,470 54,328 54,856 60,048 61,711
             
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" 2,674 2,812 2,989                 2,533                 4,268                 5,272
(b) Private sector 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"		 3,865 7,237 6,846                 6,907                 9,334               10,209
(c) Long-term obligations under capital lease agreements which are excluded from
"Item 4. Other Sectors"		 1,092 1,045 996                 1,038                    995                    694
2/  Includes accumulated SDR allocations from the IMF, in line with BPM6  
3/  Includes outstanding Hybrid Tier 1 capital of banks            
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