Debt service burden climbs to $13.6B

Feb 17, 2024 12:28 am

THE country's debt service burden surged by 104.78 percent to $13.6 billion as of the end of November 2023 from $6.7 billion a year earlier, preliminary Bangko Sentral ng Pilipinas (BSP) data showed.

Both principal and interest payments ballooned during the 11-month period, the former by 76.2 percent to $7.3 billion from $4.2 billion and the latter by almost 153 percent to $6.3 billion from $2.5 billion.

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