In a statement, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said the country’s’ outstanding external debt stood at $87.5 billion at the end of June 2020, up by $6 billion or 7.4 percent, from the $81.4 billion level as of end-March 2020.“The rise in the debt stock during the second quarter was due to net availments of $2.9 billion, largely attributed to the national government as it raised $2.4 billion from the issuance of global bonds and $3.
Further increases to the debt level were due to prior periods’ adjustments of $2.1 billion; an increase in nonresidents’ investment in Philippine debt paper issued offshore of $839 million; and positive foreign exchange revaluation of $227 million as the US dollar weakened against other currencies, including the Philippine peso.
daxINQ Total Philippine debt will be about $200 billion including domestic debt
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