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-2001	Dec-2002	Dec-2003	Dec-2004	Dec-2005	Dec-2006	Sep-2007	Dec-2007
1.  General Government	20,287	22,632	26,294	25,794	25,713	27,222	27,607	28,430
a.  Short-term			200
1.  Bonds and notes			200
b.  Long-term	20,287	22,632	26,094	25,794	25,713	27,222	27,607	28,430
1.  Bonds and notes	7,167	8,576	10,474	10,034	11,899	13,203	12,755	13,397
2.  Trade credits	19	16	12	8	4	1	1	0
3.  Loans	13,101	14,041	15,608	15,752	13,810	14,018	14,852	15,033
2.  Monetary Authorities	5,744	4,649	4,422	2,721	1,866	440	265	337
a.  Short-term	2,225	1,600	1,750	875	416
1.  Loans	2,225	1,600	1,750	875	375
2.  Deposits					41
b.  Long-term	3,519	3,049	2,672	1,846	1,451	440	265	337
1.  Bonds and notes	1,016	893	777	392	289	248	265	337
2.  Loans	553	481	702	699	771	192
3.  Deposits	2
4.  Use of IMF credits	1,948	1,675	1,193	755	390
3.  Banks	5,858	6,320	6,824	6,929	9,219	9,434	10,394	10,006
a.  Short-term	2,578	2,913	2,977	2,430	4,397	3,197	4,534	4,627
1.  Loans	1,508	2,413	2,276	1,929	3,882	2,668	3,678	3,660
2.  Deposits	1,070	500	701	501	514	529	856	967
b.  Long-term	3,280	3,407	3,847	4,499	4,822	6,237	5,860	5,379
1.  Bonds and notes	637	472	612	639	632	734	775	539
2.  Loans	2,620	2,875	3,205	3,296	3,721	5,002	4,542	4,275
3.  Deposits	24	60	30	565	469	502	543	565
4.  Other Sectors	18,559	18,371	18,033	17,668	15,791	14,675	14,550	14,593
a.  Short-term	1,197	1,046	1,251	1,741	1,582	1,812	2,391	2,456
1.  Bonds and notes		100	90	25
2.  Trade credits	696	507	774	1,282	1,188	1,551	2,096	2,153
3.  Loans	501	440	388	435	394	262	294	303
b.  Long-term	17,362	17,325	16,782	15,927	14,209	12,863	12,159	12,137
1.  Bonds and notes	4,747	4,710	4,958	4,749	4,363	4,524	4,301	4,288
2.  Trade credits	1,026	1,030	532	502	523	482	262	160
3.  Loans	11,588	11,585	11,291	10,676	9,323	7,857	7,596	7,689
5.  Direct investment:  Intercompany lending	1,452	1,673	1,822	1,734	1,596	1,595	1,611	1,571
1.  Loans	1,452	1,673	1,822	1,734	1,596	1,595	1,611	1,571
Total	51,900	53,645	57,395	54,846	54,186	53,367	54,427	54,938
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	2,674	2,601	2,812
(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	3,685	7,346	7,097
(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	838	718	754
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
3/26/2008