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Philippines' total debt hits $273.56 billion, up 0.8% from September, due to peso depreciation.
The Philippines' total debt surpassed 16 trillion pesos ($273.56 billion) in October, marking a 0.8% increase from September.
The rise is mainly due to the peso's depreciation against the US dollar.
Domestic debt slightly decreased, while external debt increased by 3.5% due to foreign loan availments and exchange rate movements.
The country's debt-to-GDP ratio is at 61.3%, above the government's target.
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La deuda total de Filipinas alcanza $273,56 mil millones, un 0,8% más que en septiembre, debido a la depreciación del peso.