PH external debt servicing climbs 5% to $8.2B in 7 months
The Philippines' foreign debt servicing bill rose 5% to $8.2 billion in the first seven months of the year, primarily due to increased obligations falling due. Despite the rise, the country's capacity to meet these payments remains relatively strong.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- BSP Seen Extending Rate Hikes to Curb Inflation
The Bangko Sentral ng Pilipinas (BSP) is likely to extend its interest rate hikes to combat stubborn inflation, even with weak third-quarter economic growth, as policymakers prioritize price stability, analysts predict.
- Solons: Budget transparency can improve, but reforms are underway
Philippine lawmakers acknowledge room for improvement in budget transparency, asserting that the House is implementing ongoing and new reforms to ensure clarity in the appropriations process. Efforts to enhance transparency continue.
- Maharlika Fund: Weak Growth May Boost Philippine Asset Appeal, Analysts Say
The newly established Maharlika Investment Fund in the Philippines has suggested that the country's weak economic growth could make its assets more attractive. Analysts believe this situation could present an opportunity to attract foreign investment.
- Poe to Budget Watchdogs: Help Find Idle Funds for Projects
Philippine House Representative Brian Poe has urged civil society budget watchdogs to help identify government programs with idle funds and to scrutinize the appropriateness of sources for proposed realignments in the 2027 national budget, aiming for fiscal efficiency and optimized allocation for public projects.