THE national government reduced its debt payments in August compared to a year ago, Bureau of the Treasury data showed.
At P186.22 billion, debt servicing for the month was 1.5 percent lower than the year-earlier P189.03 billion. It was, however, significantly higher than the P81.17 billion recorded in July.Amortization accounted for the bulk of debt payments at P133.44 billion, down from P146.36 billion in the same month last year but again markedly higher than July's P1.74 billion.The remaining P52.78 billion comprised interest payments, rising from the P42.
Foreign interest payments, meanwhile, rose to P13.42 billion in August from P13.132 billion last year. It was, however, lower than July's P24.112 billion.For amortization, P122.034 billion was allocated for domestic payments while P11.4 billion went to foreign payments.Year to date, government debt payments were 33.5 percent higher at P1.55 trillion compared to January-August 2023's P1.16 trillion.
Debt Payments Slightly Lower In August
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Israeli troops raid, order closure of Al Jazeera’s West Bank bureauThe Palestinian Journalists' Syndicate says 'this arbitrary military decision is considered a new violation against journalistic and media works, which has been exposing the occupation's crimes against the Palestinian people'
Read more »
Govt data still vulnerable to cyberattacksGovt data still vulnerable to cyberattacks
Read more »
Trade deficit widens to $4.38B in AugustTHE country's trade deficit expanded in August from a year earlier as imports edged up and exports barely moved, Philippine Statistics Authority data showed on Wednesday.
Read more »
August bank loans increased 10.4% as BSP began monetary easing cycleBank loans grew 10.7 percent year-on-year in August 2024, faster than the 10.4-percent increase in July, as the Bangko Sentral ng Pilipinas began its
Read more »
Money supply expanded 5.5% to P17.4t in August, says BSPMoney supply grew 5.5 percent year-on-year to P17.4 trillion in August 2024, slower than the 7.3 -percent increase in July, the Bangko Sentral ng
Read more »
740 inmates released from August to OctoberLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »