MANILA (Xinhua): The Philippines' outstanding external debt stood at US$81.4 billion as of end-March 2020, down by US$2.2bil or 2.6 per cent from the US$83.6 billion level as of end-December 2019, the central bank of the Philippines said on Friday (June 19).
"The decline in the debt level during the first quarter was due to net repayments of US$4 billion largely attributed to the settlement of short-term maturing obligations by the private sector," the Bangko Sentral ng Pilipinas Governor Benjamin Diokno said in a statement.
Public sector external debt increased to US$45.1 billion from US$42.8 billion in the previous quarter, he added.
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