Govt debt payments hit P42B in MarchBy The Manila TimesGOVERNMENT debt payments rose in March as higher interest payments offset a decrease in amortization, data from the Bureau of the Treasury showed. A total of P42.801 billion was paid to creditors during the month, 26.2 percent higher than the P33.906 billion recorded a year earlier. Interest payments, which accounted for the bulk or 85.3 percent of debt payments, climbed 32.6 percent to P36.552 billion from P27.549 billion a year ago. Domestic interest payments surged to P26.915 billion while foreign interest payments rose to P9.637 billion. Domestic amortization, at P344 million, were 26 percent lower while foreign interest payments totaling P5.905 billion increased by 0.22 percent.

Source: Manila Times June 12, 2019 06:11 UTC