Foreign debt service of the Philippine government

We showed last week the domestic debt service, today we will show the foreign debt service, both for regular liabilities only. The assumed liabilities are not that big these years.  We did not include details of the big items under the foreign debt securities here, which are the biggest loans and have high interest rates, about 8 percent p.a. on average. We also did not show the breakdown between principal and interest payment. Check the DBM website, link given below, to see the original table, which is 9 pages long.

The good news is that foreign debt service next year will only be one-half of the level this year, and almost one-third of the level last year. It should be due to maturing debts that have been paid, and possibly due to stabilizing interest rates.

Debt service for other government and multilateral loans like JICA, ADB and WB are either flat or slightly increasing.

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