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-2004 Dec-2005 Dec-2006 Dec-2007 Dec-2008 Dec-2009 Mar-2010
1.  General Government 25,794 25,713 27,222 28,430 29,630 32,190 33,319
a.  Short-term  
1.  Bonds and notes  
b.  Long-term 25,794 25,713 27,222 28,430 29,630 32,190 33,319
1.  Bonds and notes 10,034 11,899 13,203 13,397 12,505 14,194 15,471
2.  Trade credits 8 4 1 0  
3.  Loans 15,752 13,810 14,018 15,033 17,125 17,996 17,848
2.  Monetary Authorities 2,721 1,866 440 337 1,805 201 254
a.  Short-term 875 416 1,500  
1.  Loans 875 375 1,500  
2.  Deposits 41  
b.  Long-term 1,846 1,451 440 337 305 201 254
1.  Bonds and notes 392 289 248 337 305 201 254
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 4,845 5,110
a.  Short-term 2,430 4,397 3,197 4,627 3,246 1,783 2,056
1.  Loans 1,929 3,882 2,668 3,660 2,161 889 983
2.  Deposits 501 514 529 967 1,085 894 1,073
b.  Long-term 4,499 4,822 6,237 5,379 3,079 3,062 3,055
1.  Bonds and notes 639 632 734 539 159 142 217
2.  Loans 3,296 3,721 5,002 4,275 2,920 2,830 2,732
3.  Deposits 565 469 502 565 90 105
4.  Other Sectors 17,668 15,791 14,675 14,593 14,287 14,352 15,083
a.  Short-term 1,741 1,582 1,812 2,456 2,255 2,219 3,169
1.  Bonds and notes 25  
2.  Trade credits 1,282 1,188 1,551 2,153 1,746 1,771 2,831
3.  Loans 435 394 262 303 509 448 338
b.  Long-term 15,927 14,209 12,863 12,137 12,032 12,133 11,913
1.  Bonds and notes 4,749 4,363 4,524 4,288 4,350 4,944 4,651
2.  Trade credits 502 523 482 160 123 119 143
3.  Loans 10,676 9,323 7,857 7,689 7,559 7,069 7,119
5.  Direct investment:  Intercompany lending 1,734 1,596 1,595 1,571 1,809 1,667 1,650
1.  Loans 1,734 1,596 1,595 1,571 1,809 1,667 1,650
Total 54,846 54,186 53,367 54,938 53,856 53,255 55,416
   
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                 2,533                 2,782
(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                 6,445                 6,487
(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                 1,038                    991
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  
6/25/2010