MANILA -The Philippines' outstanding foreign debt, compared to the size of the domestic economy, rose to 29 percent at the end of March from 27.5 percent at the end of last year, which the Bangko Sentral ng Pilipinas (BSP) said was still at a prudent level. External debt or all borrowings by Philippine residents from non-residents increased by 6.8 percent or $7.5 billion to $118.8 billion as of end-March from $111.3 billion as of end-December. In a statement, the BSP said the increase was due to a change in the scope of the external debt stock, to include non-resident holdings of peso-denominated debt securities issued onshore.

https://business.inquirer.net/406200/ph-foreign-debt-stock-rose-to-119b-in-q1

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