THE country’s debt service as of end-October contracted by an annualized rate of 11.7 percent to P929.663 billion due to lower amortization payments, latest Bureau of the Treasury (BTr) data showed. Latest Treasury data showed that the national government paid P123.178 billion less in the January-to-October period compared to the P1.05-trillion…
THE national government’s total gross borrowings from January to October declined by a fifth on an annual basis to P2.05 trillion, latest Bureau of the Treasury (BTr) data showed. The end-October total borrowings was P698.683 billion lower than the P2.75 trillion recorded in the same period of last year. The…
THE national government’s total gross borrowings from January to September declined by 28.25 percent on an annual basis to P1.867 trillion, latest Bureau of the Treasury (BTr) data showed. The end-September total borrowings was P735.33 billion lower than the P2.6 trillion recorded in the same period of last year. The…
THE national government’s total borrowings from January to August plunged by 42 percent to P1.378 trillion from P2.387 trillion last year, latest Bureau of the Treasury (BTr) data showed. The total 8-month total borrowings is 62.64 percent of the P2.2-trillion total borrowing target set by the national government this year.…
The government is allocating more than P1 trillion next year to settle maturing local and foreign debt as well as its corresponding interests, according to budget documents.