Tuesday 16 October 2018
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5 months ago

Gov’t debt payment down 16% in Q1

The government s debt payments declined 16 percent year-on-year to P208.3 billion in the first quarter as it amortized less on principal at the start of the year. The amount of debt paid by the national government from January to March dropped from P248.7 billion a year ago, the latest Bureau of the Treasury data showed. End-March amortization went down to P101 billion from P150.8 billion in the first three months of last year. Interest payments, however, jumped to P107.2 billion from P97.9 billion a

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