The Philippines’ external debt service burden declined by 34.8 percent to $1.59 billion as of end-February 2025 from $2.44 billion in the same period in 2024, data from the central bank showed. The latest data from the Bangko Sentral ng Pilipinas (BSP) showed that the decline in the country’s...
Double-digit increases in both principal and interest payments drove the Philippines’ external debt service burden up by $2.31 billion in 2024, reaching $17.16 billion. According to the Bangko Sentral ng Pilipinas (BSP), it reflects a nearly 16 percent increase from $14.85 billion in the...
The Philippines' foreign debt climbed by almost a tenth year-on-year to $137.63 billion as of end-2024, as both the government and private firms borrowed more from foreign sources for their productive activities, the Bangko Sentral ng Pilipinas (BSP) reported. In a statement on Friday, March...
The country’s external debt service burden as of April totaled $4.64 billion, 19.79 percent lower compared to the same time last year of $5.785 billion, with fewer prepayments from the public and private sectors. The debt service burden, which represents both principal and interest payments after...
The Philippines’ total external debt (EDT) rose by $14.1 billion or by 12.7 percent to $125.4 billion in 2023 from the end-2022 level of $111.3 billion, driven by net availments of $9.2 billion, bulk of which were net borrowings by the national government. The Bangko Sentral ng...
The country’s external debt service burden rose by 21.6 percent to $5.93 billion as of end-July from $4.88 billion in the same time in 2020, based on Bangko Sentral ng Pilipinas (BSP) data. External debt principal payments increased by 37.39 percent year-on-year to $4.47 billion from $3.25...
Government programs that sought to address the 2019 coronavirus disease (COVID-19) pandemic ‘contributed greatly to the net increase” of P472.572 billion in the country’s external debt in 2020, the Commission on Audit (COA) has revealed. COVID 19 tests In its 2020 Consolidated Audit Report on...
The Philippines’ external debt increased by 19.19 percent year-on-year or by $15.63 billion as of end March to $97.047 billion from $81.421 billion as the government accumulated foreign loans for anti-pandemic response and budget financing. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E....
The government borrowed more foreign loans in 2020 to fund COVID-19 response, pushing the outstanding external debt to grow by 17.8 percent to $98.488 billion from $83.618 billion in 2019, based on Bangko Sentral ng Pilipinas (BSP) data. The country’s external debt as a ratio to GDP increased to...
The central bank-monitored external debt service burden continued its decline, it fell by 15.49 percent year-on-year as of end-November 2020 to $6.452 billion from $7.635 billion. Based on Bangko Sentral ng Pilipinas (BSP) data, principal payments totaled $4.385 billion, down by 8.53 percent from...
The country’s external debt service burden fell to $6.09 billion as of end-October 2020 or 16.6 percent lower from same time in 2019 of $7.30 billion, data from the Bangko Sentral ng Pilipinas (BSP) show. Principal payments dropped 9.95 percent to $4.15 billion from $4.61 billion while interest...
Debt service burden down 8% The Philippines will continue to have a strong debt sustainability position and will remain comfortably way below what the Bangko Sentral ng Pilipinas (BSP) considers a danger threshold even as the country borrow more from foreign sources to fund COVID-19 vaccine...
