THE PHILIPPINES’ external debt service burden fell by 19.8% as of end-April as principal payments declined, data from the Bangko Sentral ng Pilipinas (BSP) showed.
Preliminary data from the central bank showed that the country’s debt service burden on its external borrowings dropped to $4.64 billion in the January-April period from $5.785 billion a year ago.
The debt service burden refers to the amount of money a country needs to pay back its foreign creditors.
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