PH external debt rises to $87.5B
(WorldNews Business)

The Bangko Sentral ng Pilipinas (BSP) said that as of end-June this year, the Philippines` outstanding external debt was higher at $87.453 billion, up by 7.6 percent or $6.2 billion from same time last year of $81.259 billion, as the government borrowed more to finance anti-COVID-19 pandemic programs. The BSP said the year-on-year increase was due to the following: prior periods` adjustments amounting to $2.7 billion; transfer of Philippine debt papers from residents to non-residents of $2 billion); net availments worth $1.4 billion; and positive...