Philippines' debt rises to 283 bln USD in January

NAMPA / Xinhua
2025-03-04
MANILA, March 4 (Xinhua) -- The Philippines' debt increased to 16.31 trillion pesos (roughly 283 billion U.S. dollars) as of January 2025, 1.63 percent higher than the debt incurred in December 2024, the Philippines' Bureau of Treasury said on Tuesday. The month-on-month rise in debt stock was due to the net incurrence of new domestic and external debt, as well as the impact of peso depreciation against the U.S. dollar from 57.847 pesos at the......
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