Philippine government debt payments rose 65.3% in November to P93.7 billion, hitting a record high.

The Philippine government's debt payments surged by 65.3% in November 2024 to P93.7 billion, driven by higher interest rates and a weaker peso. Total debt payments for the first 11 months of 2024 reached P1.95 trillion, a 27.34% increase from the same period in 2023. The national debt hit a record P16.09 trillion. Higher interest and principal payments contributed significantly to these increases.

2 months ago
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