Debt service burden hits $11.94B

Jan 22, 2024 12:36 am

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.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

'Too soon to declare victory'

Trump policies raise worries for Fed execs

PH trade shortfall narrows in November

PSEi rebounds; peso down anew

US policy worries hit Asian currencies, stocks

Laguna hydro plant auction set for April

Standard fees eyed for digital transactions