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External debt hits $118 billion

17 September 2023
in Business
Reading Time: 3 mins read
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External debt hits $118 billion
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THE PHILIPPINES’ outstanding external debt reached $117.918 billion at end-June as the government diversified its borrowings from other countries and institutions.

Preliminary data released by the Bangko Sentral ng Pilipinas (BSP) on Friday night showed external debt increased by 9.5% to $117.918 billion at end-June from $107.692 billion in the same period a year ago.   

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