Government slightly cuts debt payment in AugustData from the Bureau of the Treasury showed the administration trimmed its debt payments in August, settling some P186.22 billion, down 1.5 percent from P189.03 billion in the same period last year. MANILA, Philippines — The government slightly reduced its debt service to P186 billion in August, with the bulk going to amortization to domestic lenders. About 72 percent of the debt service was for amortization or the settlement of the principal amount at P133.44 billion. For the eight-month period, debt payment picked up by 11 percent to P1.55 trillion from P1.4 trillion in January to August 2023. This will be just a percentage higher from the target P2.03 trillion debt service for 2024.

Source: Philippine Star October 13, 2024 20:31 UTC