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flag Philippines' total debt hits $273.56 billion, up 0.8% from September, due to peso depreciation.

flag The Philippines' total debt surpassed 16 trillion pesos ($273.56 billion) in October, marking a 0.8% increase from September. flag The rise is mainly due to the peso's depreciation against the US dollar. flag Domestic debt slightly decreased, while external debt increased by 3.5% due to foreign loan availments and exchange rate movements. flag The country's debt-to-GDP ratio is at 61.3%, above the government's target.

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