Debt service surges 125% as of end-Aug

Nov 22, 2023 12:45 am

THE country's external debt service burden more than doubled at the end of August following a surge in both interest and principal payments, preliminary Bangko Sentral ng Pilipinas (BSP) data showed.

At $8.89 billion, the external debt service burden was 125 percent higher compared to the $3.95 billion recorded a year earlier.

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