Philippine government's debt payments nearly tripled in October, reaching PHP 216.85 billion.

The Philippine government's debt payments surged nearly three-fold in October, reaching PHP 216.85 billion, primarily due to an increase in amortization expenses. By the end of October, the government had paid PHP 1.86 trillion, covering over 90% of its yearly debt service target. Total outstanding debt hit PHP 16.02 trillion, with a significant portion of payments directed towards domestic creditors.

3 months ago
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