THE country’s debt service payments continued to decline based on the January-September data released by the Bureau of the Treasury .
The bulk of the government’s debt service payments were accounted for by amortizations which reached P489.87 billion in the January to September period. BTr data showed interest payments reached P399.98 billion in the January to September period this year, a 17.87-percent growth from the P399.35 billion in 2021.
For September, domestic interest payments reached P47.72 billion while foreign interest payments amounted to P12.18 billion during the period.
Source: Loan Digest (loandigest.net)
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