PHL shells out P1.55 trillion for 8-month debt service

Quick Summary:

THE national government’s debt service bill hit P1.550 trillion as of end-August 2024, paying off roughly three-quarters of its programmed obligations for the year.

Majority of the settlements for loan principal went to domestic sources at P879.652 billion, while P161.086 billion was paid to foreign financers during the eight-month period.

The bulk of domestic interest payments was allocated to fixed-rate Treasury bonds amounting to P236.228 billion, followed by retail Treasury bonds (P95.108 billion) and Treasury bills (P22.426 billion).

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: Billion Period Bill August Debt Interest Trillion 2024 Service Percent Payments

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-13 @ 13:46:12 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 479 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 23020448

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