THE PHILIPPINES’ outstanding external debt stood at a record $128.7 billion as of end-March, the Bangko Sentral ng Pilipinas (BSP) reported.
Data from the central bank showed that external debt rose by 8.3% from $118.8 billion in the same period a year ago. It was also higher by 2.6% from $125.4 billion in the fourth quarter of 2023.
External debt includes all types of borrowings by residents from nonresidents.
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