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Philippines' debt rises to 275.4 bln USD in December 2024

NAMPA / Xinhua
2025-02-04
MANILA, Feb. 4 (Xinhua) -- The Philippines' debt increased to 16.05 trillion pesos (275.4 billion U.S. dollars) as of the end-2024, 9.8 percent higher than the debt incurred in end-2023, the Philippines' Bureau of Treasury said Tuesday. "The year-on-year increase in the debt stock is primarily attributed to the 1.31 trillion pesos (roughly 22.5 billion dollars) net issuance of debt instruments in line with the government's deficit program, as......
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