Search results
Results from the WOW.Com Content Network
The national debt of the Philippines is the total debt, or unpaid borrowed funds, ... ∟External debt: ₱5.13 trillion ($88.47 billion) (19.6% of GDP) ...
Philippine external debt was at $4.1 billion in 1975, but doubled to $8.2 billion in only two years. [1] Loans with low interest rates fueled by these petrodollars funded the 11 major industrial projects Marcos announced in his 1970 State of the Nation Address, as well as roads, bridges, dams, irrigation systems, communications infrastructure ...
Between 1962 and 1986, the external debt of the Philippine grew from $355 million to $28.3 billion. By the end of the Marcos years, the Philippines was the "ninth most indebted nation in Asia, Africa, and Latin America in absolute terms". [citation needed]
This is a list of countries by external debt: it is the total public and private debt owed to nonresidents repayable in internationally accepted currencies, goods or services, where the public debt is the money or credit owed by any level of government, from central to local, and the private debt the money or credit owed by private households or private corporations based on the country under ...
Amid high oil prices, high interest rates, capital flight, and falling export prices of sugar and coconut, the Philippine government borrowed a significant amount of foreign debt in the early 1980s. [42] The country's total external debt rose from US$2.3 billion in 1970 to US$26.2 billion in 1985.
[1]: 81 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future. Examples include debt securities (such as bonds and bills), loans, and government employee pension obligations. [1]: 207 Net debt equals gross debt minus financial assets that are debt instruments.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
In 2010, the total outstanding debt of the Philippines reached ₱4.718 trillion: ₱2.718 trillion from outstanding domestic sources and ₱2 trillion from foreign sources. According to the Department of Finance, the country has recently reduced dependency on external sources to minimize the risks caused by changes in the global exchange rates.