Philippines external debt hits record high $111.3 billion in 2022
The country’s external debt rose by 4.5 percent to hit a record high of $111.27 billion last year from $106.43 billion in 2021, as both the national government and the private sector borrowed more from offshore creditors, according to the Bangko Sentral ng Pilipinas.
March 20, 2023 | 12:00am MANILA, Philippines — The country’s external debt rose by 4.The country’s external debt in end-December was 3.He said the maturity profile of the country’s external debt remained predominantly medium- and long-term in nature, with original maturities longer than one year with share to total at 85.According to Medalla, public sector external debt declined by $928 million to $64.
4 billion of the country’s total external debt, with the national government cornering 88.9 billion of the total external debt.
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