SDDS:  External Debt 1/              
In Million USD              
  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
  Dec-2001 Dec-2002 Dec-2003 Dec-2004 Dec-2005 Mar-2006 Jun-2006
1.  General Government 20,287 22,632 26,294 25,794 25,713 26,941 26,745
a.  Short-term 200  
1.  Bonds and notes 200  
b.  Long-term 20,287 22,632 26,094 25,794 25,713 26,941 26,745
1.  Bonds and notes 7,167 8,576 10,474 10,034 11,899 13,270 12,977
2.  Trade credits 19 16 12 8 4 3 3
3.  Loans 13,101 14,041 15,608 15,752 13,810 13,668 13,766
2.  Monetary Authorities 5,744 4,649 4,422 2,721 1,866 1,519 1,235
a.  Short-term 2,225 1,600 1,750 875 416 281 283
1.  Loans 2,225 1,600 1,750 875 375 250 250
2.  Deposits 0 0 41 31 33
b.  Long-term 3,519 3,049 2,672 1,846 1,451 1,238 952
1.  Bonds and notes 1,016 893 777 392 289 198 142
2.  Loans 553 481 702 699 771 738 504
3.  Deposits 2  
4.  Use of IMF credits 1,948 1,675 1,193 755 390 301 307
3.  Banks 5,858 6,320 6,824 6,929 9,219 8,720 8,372
a.  Short-term 2,578 2,913 2,977 2,430 4,397 3,680 3,312
1.  Loans 1,508 2,413 2,276 1,929 3,882 3,118 2,815
2.  Deposits 1,070 500 701 501 514 562 497
b.  Long-term 3,280 3,407 3,847 4,499 4,822 5,040 5,060
1.  Bonds and notes 637 472 612 639 632 748 734
2.  Loans 2,620 2,875 3,205 3,296 3,721 3,813 3,839
3.  Deposits 24 60 30 565 469 479 487
4.  Other Sectors 18,559 18,371 18,033 17,668 15,791 16,502 16,020
a.  Short-term 1,197 1,046 1,251 1,741 1,582 2,187 2,202
1.  Bonds and notes 100 90 25  
2.  Trade credits 696 507 774 1,282 1,188 1,750 1,774
3.  Loans 501 440 388 435 394 437 428
b.  Long-term 17,362 17,325 16,782 15,927 14,209 14,315 13,818
1.  Bonds and notes 4,747 4,710 4,958 4,749 4,363 4,553 4,410
2.  Trade credits 1,026 1,030 532 502 523 495 484
3.  Loans 11,588 11,585 11,291 10,676 9,323 9,268 8,923
5.  Direct investment:  Intercompany lending 1,452 1,673 1,822 1,734 1,596 1,622 1,536
1.  Loans 1,452 1,673 1,822 1,734 1,596 1,622 1,536
Total 51,900 53,645 57,395 54,846 54,186 55,304 53,908
               
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" 3,064 2,451 2,034 2,578 3,042 2,519 2,379
(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"
1,748 2,249 1,916 2,408 3,133 3,034 3,027
(c) Long-term obligations under capital lease agreements which are excluded from
"Item 4. Other Sectors"
1,428 1,340 1,446 1,323 1,215 1,177 1,159
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 Department