top of page
Writer's pictureBy The Financial District

PH Debt Service Burden Up 137.4%

The Philippines' debt service burden increased by 137.4% to $8.19 billion at the end of July, compared to $3.45 billion in the same period a year earlier, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).


Both principal and interest payments saw significant increases during the seven-month period.



Both principal and interest payments saw significant increases during the seven-month period. Principal payments surged by 109.6% to $4.28 billion from $2.04 billion, while interest payments increased by 177.7% to $3.9 billion from $1.40 billion.


The debt service burden includes principal and interest payments on medium- to long-term credits, such as those from the International Monetary Fund, loans subject to Paris Club agreements, debt restructuring by commercial banks, and New Money Facilities.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

It also includes interest payments on fixed and revolving short-term liabilities of banks and nonbanks but does not account for prepayments on future years' maturities of foreign loans and principal payments on fixed and revolving short-term liabilities.


The country's outstanding external debt stood at $117.91 billion as of end-June, marking a 9.49% increase compared to the previous year's $107.69 billion.




Optimize asset flow management and real-time inventory visibility with RFID tracking devices and custom cloud solutions.
Sweetmat disinfection mat

Comments


bottom of page