The Philippines' debt reached 262 billion USD (15.35 trillion pesos) in May, with external debt accounting for 31.96% and a 4.2% increase from April.

The Philippines' debt reached 262 billion USD (15.35 trillion pesos) at the end of May, a 2.2% increase from April, due to local currency depreciation impacting foreign-currency denominated debt. External debt accounted for 31.96% of the total, with domestic debt making up 68.04%. The country's external debt increased 4.2% in May compared to April and rose by 6.7% from end-December 2023, and 7.4% year-on-year.

July 04, 2024
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