THE PHILIPPINES’ external debt service burden increased by an annual 17% as of end-September due to a rise in both interest and principal payments, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
Debt servicing on external borrowings climbed by 16.8% to $12.85 billion in the first nine months from $11 billion in the same period a year ago.
BSP data showed principal payments went up by 16.8% to $6.925 billion as of end-September from $5.928 billion in the previous year.
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