The Philippines' debt rose to 256.6 billion USD by end-April, with 31.36% from external sources and 68.64% domestic borrowings.
The Philippines' debt increased to 256.6 billion USD (15.02 trillion pesos) by end-April, a 0.61% rise from end-March. The Bureau of Treasury attributed the rise in debt to government net financing and the impact of local currency depreciation on foreign-currency-denominated debt valuation. Of the total debt, 31.36% was sourced externally, while 68.64% were domestic borrowings.
May 30, 2024
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