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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.
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Los pagos de la deuda del gobierno filipino casi se triplicaron en octubre, alcanzando los 216.850 millones de PHP.