Read this in The Manila Times digital edition.
THE country's debt service burden surged by 132.75 percent to $11.94 billion at the end of October 2023 from $5.13 billion a year earlier, preliminary Bangko Sentral ng Pilipinas (BSP) data showed.
Both principal and interest payments ballooned during the 10-month period, the former by nearly 114 percent to $6.26 billion from $2.93 billion and the latter by almost 158 percent to $5.68 billion from $2.20 billion.
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