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Tuesday, August 16, 2022

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THE Bureau of the Treasury (BTr) said the government’s outstanding debt reached a new high of P11.16 trillion at the end of June due to increased domestic and external liabilities. TMT FILE PHOTO

Top Business

Debt servicing down in first half

DEBT payments by the national government plunged in the first half of the year following an even steeper drop in amortizations, the Bureau of the Treasury (BTr) data showed. Debt servicing for the period totaled P458.35 billion, down 40.76 percent from the year-earlier P773.702 billion. Amortization payments plummeted by 64 percent to P201.140 billion from P565.169 billion, with payments on external debt down 70 percent to P47.763 billion from P160.023 billion and domestic payments (down or up by how many percent) to P153.37 billion from (how much last year). Interest payments, on the other

By Tiziana Celine Piatos - August 16, 2022

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