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PHL external debt hits $146.74B at end-March

15 June 2025
in Business
Reading Time: 2 mins read
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PHL external debt hits 6.74B at end-March
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EXTERNAL DEBT outstanding rose 14% to $146.74 billion at the end of March, with the government and banks ramping up their borrowing, the Bangko Sentral ng Pilipinas (BSP) said.

The central bank added that compared to the end of 2024, external debt rose 6.6%.

“The increase in external debt in the first quarter was primarily attributed to the National Government’s fund-raising activity meant to support infrastructure projects and other budgetary requirements,” the BSP said.

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