PH external debt rises to $76.4Bhome/Business/Top Business/PH external debt rises to $76.4BTHE country’s outstanding external debt totalled $76.4 billion as of end-September, Bangko Sentral ng Pilipinas (BSP) data released on Friday showed, up from a quarter and a year earlier. Expressed as a percentage of annual aggregate output, external debt widened to 19.6 percent from 19.4 percent a year earlier. The country’s debt service ratio (DSR) also increased to 6.5 percent from 6.0 percent a year ago. About 82.4 percent of the Philippines’ external debt is medium to long-term in nature with maturities of over one year. This means that foreign exchange requirements for debt payments are well spread out and, thus, more manageable, the central bank added.

Source: Manila Times December 16, 2018 20:26 UTC