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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.
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Los pagos de la deuda del gobierno filipino aumentaron 65,3% en noviembre a P93.700 millones, alcanzando un récord máximo.