DEBT payments by the national government (NG) rose in May to P80.05 billion, Treasury data showed, up 16 percent from the year-earlier P68.98 billion but markedly lower than April’s P280.9 billion.
DEBT payments by the national government rose in May to P80.05 billion, Treasury data showed, up 16 percent from the year-earlier P68.98 billion but markedly lower than April’s P280.9 billion.Despite the increase, year-to-date debt payments were substantially lower at P702.97 billion compared to January- May 2024’s P1.22 trillion — which was driven by hefty amortization payments in February and March of that year.Interest payments were also higher in May , hitting P69.95 billion from P61.
64 billion were also higher than April’s P15.98 billion and May 2024’s P15.06 billion.Amortization, meanwhile, declined to P10.09 billion from P234.45 billion in April but was higher than the year-ago P7.88 billion, with foreign amortization accounting for the bulk as domestic amortization was zero for the month.The national government’s outstanding debt hit a new high of P16.92 trillion in May due to higher local borrowings.Of the total debt stock, 30.4 percent was borrowed abroad, while 69.
Debt Payments Up In May To P80B
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