Philippines' debt rises to 275.4 bln USD in December 2024

MANILA, Feb. 4 (Xinhua) -- The Philippines' debt increased to 16.05 trillion pesos (275.4 billion U.S. dollars) as of the end-2024, 9.8 percent higher than the debt incurred in end-2023, the Philippines' Bureau of Treasury said Tuesday.

"The year-on-year increase in the debt stock is primarily attributed to the 1.31 trillion pesos (roughly 22.5 billion dollars) net issuance of debt instruments in line with the g