Debt service burden rises to $6.2B as of end-May

The Manila Times 01 Sep Philippines

THE country’s debt service burden rose by 4.8 percent to $6.21 billion in the first five months of the year from $5.93 billion a year earlier, preliminary central bank data showed. The rise was driven by principal payments, which climbed to $3.0 billion from $2.65 billion year on year. Interest payments, on the other hand, dropped to $3.2 billion from $3.3 billion. The debt service burden co

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