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-2007	Dec-2008	Dec-2009	Dec-2010	Dec-2011	Dec-2012
1.  General Government	28,430	29,630	32,190	35,688	36,117	35,337
a.  Short-term
1.  Bonds and notes
b.  Long-term	28,430	29,630	32,190	35,688	36,117	35,337
1.  Bonds and notes	13,397	12,505	14,194	16,606	16,341	16,605
2.  Trade credits	0
3.  Loans	15,033	17,125	17,996	19,083	19,776	18,733
2.  Monetary Authorities	520	1,985	1,515	1,459	1,465	1,451
a.  Short-term		1,500
1.  Loans		1,500
2.  Deposits
b.  Long-term	520	485	1,515	1,459	1,465	1,451
1.  Bonds and notes	337	305	201	175	173	159
2.  Loans
3.  Deposits
4.  Use of IMF credits
5.  Other debt liabilities 2/	183	180	1,313	1,285	1,293	1,292
3.  Banks	10,356	6,617	5,132	6,727	7,810	9,087
a.  Short-term	4,627	3,246	1,783	3,153	3,936	5,177
1.  Loans	3,660	2,161	889	2,037	2,749	4,218
2.  Deposits	967	1,085	894	1,116	1,187	959
b.  Long-term	5,729	3,371	3,349	3,574	3,874	3,910
1.  Bonds and notes 3/	889	451	429	556	797	1,202
2.  Loans	4,275	2,920	2,830	2,943	2,982	2,677
3.  Deposits	565		90	75	95	31
4.  Other Sectors	14,593	14,287	14,352	14,667	13,706	13,213
a.  Short-term	2,456	2,255	2,219	3,143	3,077	3,306
1.  Bonds and notes
2.  Trade credits	2,153	1,746	1,771	2,817	2,674	2,898
3.  Loans	303	509	448	326	403	408
b.  Long-term	12,137	12,032	12,133	11,524	10,629	9,907
1.  Bonds and notes	4,288	4,350	4,944	4,525	3,987	3,894
2.  Trade credits	160	123	119	101	95	109
3.  Loans	7,689	7,559	7,069	6,898	6,547	5,904
5.  Direct investment:  Intercompany lending	1,571	1,809	1,667	1,506	1,343	1,250
1.  Loans	1,571	1,809	1,667	1,506	1,343	1,250
Total	55,470	54,328	54,856	60,048	60,442	60,337
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"	2,812	2,989	2,533	4,268	5,272	8,077
(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"	7,237	6,846	6,907	9,334	10,390	11,171
(c) Long-term obligations under capital lease agreements which are excluded from "Item 4. Other Sectors"	1,045	996	1,038	995	818	1,214
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
3/19/2013