The country’s debt service as of end-October contracted by an annualized rate of 11.7 percent to P929.663 billion due to lower amortization payments, latest Bureau of the Treasury (BTr) data showed.
THE country’s debt service as of end-October contracted by an annualized rate of 11.7 percent to P929.663 billion due to lower amortization payments, latest Bureau of the Treasury data showed.
The bulk of the government’s debt service payments were accounted for by amortizations which reached P496.502 billion during the 10-month period. Meanwhile, interest payments posted double-digit growth in the 10-month period ending in October and in the month of October this year. The BTr data showed interest payments made domestically reached P328.617 billion in the January to October period while foreign interest payments reached P104.544 billion during the period.
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