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Foreign debt payments drop
Manila Bulletin
|May 19, 2025
The Philippines’ external debt service burden declined by 34.8 percent to $1.59 billion as of end-February 2025 from $2.44 billion in the same period in 2024, data from the central bank showed.
The latest data from the Bangko Sentral ng Pilipinas (BSP) showed that the decline in the country’s debt service burden on its foreign borrowings was driven by the 68.1-percent drop in principal payments.
It was massively reduced to $383 million in the first two months of 2025 from $1.18 billion last year.
Similarly, the country’s interest payments slipped by four percent to $1.21 billion this year from $1.26 billion in 2024.
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