Debt service burden up 17% to $13B

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THE country’s debt service burden rose by 16.8 percent to $12.85 billion as of the end of September from $11 billion a year earlier, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.

Principal payments picked up by 16.8 percent to $6.93 billion from $5.93 billion, while interest payments also rose by 16.8 percent to $5.93 billion from $5.07 billion.

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