6-month debt service rises 41.3% to ₱1.282T

Quick Summary:

PAYMENTS made by the national government for its debts surged to P1.282 trillion in the first half of the year as amortization and interest payments posted double-digit growth.

Moreover, external amortization of the national government surged by 131.27 percent year-on-year to P148.126 billion from P64.048 billion.

Domestic interest payments were composed mainly of interest payments for Fixed Rate Treasury Bonds at P170.499 billion, followed by Retail Treasury Bonds at P74.661 billion, Treasury Bills at P15.783 billion, and others at P7.097 billion.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: Interest 2024 Billion Domestic Percent Payments Debt Trillion Government Year Amortization

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-11 @ 16:21:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 613 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22018525

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 60 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 12 hours ago

Coverage Areas: Philippines

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Publisher ID: #37

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