PH foreign debt down to $72.5B as of end-June

The country’s foreign debt stock fell to $72.5 billion in the second quarter of 2017, the Bangko Sentral ng Pilipinas (BSP) reported on Friday, down $5.2 billion from a year earlier.

Compared to the previous quarter, outstanding external debt was $1.3 billion less, largely due to $1.2 billion in net repayments – mostly by the private sector – and a $110-million increase in residents’ investments in Philippine debt papers issued offshore.