5 months Govt debt payments drop to P77B in Jan Manilatimes |Biz
Government debt payments fell in January as lower amortizations offset an increase in interest payments, data from the Bureau of the Treasury showed. A total of P77.614 billion was paid to creditors during the month, 7.3 percent lower than the P83.806 billion recorded a year earlier. Amortization expenses fell 21.3 percent to P31.698 billion from P40.290 billion a year ago. Domestic amortization plunged to P7 million from P38.992 billion but foreign amortization surged to P31.691 billion from P1.298 billion. Interest payments, which accounted for the bulk or 59.1 percent of debt payments, rose by 5.5 percent to P45.916 billion. Domestic ... more