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-2009 Dec-2010 Dec-2011 Dec-2012 Sep-2013 Dec-2013
1.  General Government 32,190 35,688 36,117 35,337 33,172 31,755
a.  Short-term  
1.  Bonds and notes  
b.  Long-term 32,190 35,688 36,117 35,337 33,172 31,755
1.  Bonds and notes 14,194 16,606 16,341 16,605 16,639 15,890
2.  Trade credits  
3.  Loans 17,996 19,083 19,776 18,733 16,532 15,865
2.  Monetary Authorities 1,515 1,459 1,465 1,451 1,452 1,455
a.  Short-term  
1.  Loans  
2.  Deposits  
b.  Long-term 1,515 1,459 1,465 1,451 1,452 1,455
1.  Bonds and notes 201 175 173 159 167 167
2.  Loans  
3.  Deposits  
4.  Use of IMF credits  
5.  Other debt liabilities 2/ 1,313 1,285 1,293 1,292 1,284 1,288
3.  Banks 5,132 6,727 7,810 9,087 9,950 11,496
a.  Short-term 1,783 3,153 3,936 5,177 6,353 7,966
1.  Loans 889 2,037 2,749 4,218 4,652 6,052
2.  Deposits 894 1,116 1,187 959 1,700 1,914
b.  Long-term 3,349 3,574 3,874 3,910 3,598 3,530
1.  Bonds and notes 3/ 429 556 797 1,202 1,160 1,159
2.  Loans 2,830 2,943 2,982 2,677 2,414 2,343
3.  Deposits 90 75 95 31 24 28
4.  Other Sectors 14,352 14,667 13,706 13,213 12,975 12,045
a.  Short-term 2,219 3,143 3,077 3,306 3,570 3,246
1.  Bonds and notes  
2.  Trade credits 1,771 2,817 2,674 2,898 2,996 2,680
3.  Loans 448 326 403 408 574 566
b.  Long-term 12,133 11,524 10,629 9,907 9,405 8,799
1.  Bonds and notes 4,944 4,525 3,987 3,894 3,693 3,614
2.  Trade credits 119 101 95 109 141 139
3.  Loans 7,069 6,898 6,547 5,904 5,571 5,046
5.  Direct investment:  Intercompany lending 1,667 1,506 1,343 1,250 1,505 1,755
1.  Loans 1,667 1,506 1,343 1,250 1,505 1,755
Total 54,856 60,048 60,442 60,337 59,053 58,506
             
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"                 2,533                 4,268                 5,272                 8,077                 5,712                 5,790
(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"
                6,325                 8,314                 8,958               10,202               12,734               12,884
(c) Long-term obligations under capital lease agreements which are excluded from
"Item 4. Other Sectors"
                1,038                    995                    818                 1,214                 1,252                 1,206
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