Debt service burden down 7.6% to $7.7B as of end-July

THE country’s debt service burden dropped by 7.6 percent to $7.69 billion as of the end of July from $8.33 billion a year earlier, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.

Principal payments fell by 28.14 percent to $3.11 billion from $4.33 billion, but interest payments slightly increased by 14.6 percent to $4.58 billion from $3.99 billion.