Table D.3
OUTSTANDING DEBT OF THE NATIONAL GOVERNMENT, AS OF YEAR-END 2002-2004
(In million pesos)
  Outstanding 2002 Outstanding 2003 Outstanding 2004 Outstanding
Particulars at the Added Principal */  at the Added Principal */  at the Added Principal */  at the
  Beginning Borrowings Amortization Beginning Borrowings Amortization Beginning Borrowings Amortization End
                     
DOMESTIC            1,247,830         304,260            80,740       1,471,349         205,047          110,175        1,566,221           288,115          168,057         1,686,279
Regular Accounts            1,233,825         304,260            75,135       1,462,950         205,047          101,776        1,566,221           288,115          168,057         1,686,279
Assumed Liabilities **/                 14,005                   -                5,606              8,399                   -                8,399                     -                       -                      -                        -  
                     
Philippine National Bank                   3,842                   -                1,863              1,979                   -                1,979                     -                       -                      -                        -  
Development Bank of the Philippines                   9,761                   -                3,623              6,138                   -                6,138                     -                       -                      -                        -  
National Power Corporation                      249                   -                   120                 129                   -                   129                     -                       -                      -                        -  
National Development Company                      153                   -                     -                   153                   -                   153                     -                       -                      -                        -  
                     
FOREIGN            1,137,234         298,186            91,154       1,344,266         188,460            82,402        1,450,324           123,833            92,087         1,482,070
Regular Accounts            1,125,603         298,186            86,751       1,337,038         188,460            80,067        1,445,431           123,833            90,143         1,479,121
Assumed Liabilities                 11,631                   -                4,403              7,228                   -                2,336               4,892                     -                1,944                2,949
                        -                
Philippine National Bank                      244                   -                   123                 121                   -                     88                    33                     -                     21                     12
Development Bank of the Philippines                   1,831                   -                1,400                 431                   -                   367                    64                     -                     31                     34
National Power Corporation                   9,091                   -                2,781              6,310                   -                1,736               4,574                     -                1,736                2,839
Philguarantee                         -                     -                     -                      -                     -                     -                       -                       -                      -                        -  
National Development Company                      401                   -                     87                 314                   -                   133                  181                     -                   133                     48
Philippine Airlines                        64                   -                     12                   52                   -                     13                    39                     -                     24                     16
                     
Grand Total            2,385,064         602,446          171,894       2,815,615         393,507          192,578        3,016,545           411,948          260,144         3,168,349
                     
*/ Includes redemption from the Sinking Fund                    
**/ Includes Contingent Liablities of NDC                    
Source: Bureau of Treasury, DBM                    
                     
Note: Based on outstanding gs placements as of June 20, 2001                    
Forex assumptions: P51.404 for December 28, 2001 BSP Reference Rate, P53.096 for December 27, 2002 Reference Rate, P52.50 for 2003 and P53.50 for 2004                    
                     
                     
h:idmd/report/besf2002/out00-02                    
8/1/2003                    
                     
                     
D4:                    
Note: 2002 Added Borrowings: Made Fixed rate Tbonds as residual to get end-2002 actual, similar to BTr defn, P1,462,950.                    
2002 Added Borrowings: P88,979.33 to come up with P263.345.92; PA: P8,326.76 to come up with P76,412.16                    
D5: Ok                    
D6:                    
Note: Made Bonds Private Placement as residual for Foreign Regular to equal the end-2002 outstanding debt at 2,815,468                    
2002 Added Borrowings: US$3490.3M, PA: US$127.57M, Forex rate: P53.096                    
D7: Ok                    
             1,165,118         275,001            95,853       1,344,266            
             1,135,729         275,001            91,154       1,319,576            
                  29,389                   -                4,699            24,690            
                    6,716                   -                   431              6,285            
                  12,590                   -                2,376            10,214   0.46        
                    9,087                   -                1,707              7,380   0.54        
                       278                   -                     47                 231            
                       652                   -                   126                 525            
                         66                   -                     13                   54            
                     
  2,412,947 579,261 176,593 2,815,615            
                     
    3,313.575 bonds private placement  
  51.404 53.096 53.096              
    175,937.58                
    42,476.80