THE country’s outstanding external debt declined by 2 percent at the end of last year to $73.1 billion from the $74.8 billion registered in 2016, Bangko Sentral ng Pilipinas (BSP) data released on Friday showed.
A $730-million increase was recorded in the fourth quarter, which the central bank attributed to $1.3-billion rise in non-resident holdings of Philippine debt stock and $70 million in forex revaluation adjustments that were offset by net principal repayments of $643 million.
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