NG debt payments for Sept dip 61% to ₱93.6B

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The story "NG debt payments for Sept dip 61% to ₱93.6B" was covered 4 days ago by Business Mirror, a news publisher based in Philippines.

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NG debt payments for Sept dip 61% to ₱93.6B - Business Mirror

Quick Summary:

THE national government’s debt payments dropped by 60.83 percent to P93.610 billion in September, as amortization owed to lenders significantly declined.

Broken down, amortization increased by 12.79 percent year-on-year to P1.060 trillion as of end-September 2024 from P940.187 billion.

As such, interest payments for fixed-rate Treasury bonds reached a total P269.221 billion while retail Treasury bonds, Treasury bills and others were allotted P114.291 billion, P25.629 billion and P8.985 billion, respectively.