Philippine gov't debt service bill falls 25.25% in June due to reduced amortization payments, according to the Bureau of the Treasury.
The Philippine government's debt service bill fell 25.25% in June, thanks to reduced amortization payments, according to the Bureau of the Treasury. The bill decreased to P66.08 billion in June from P88.4 billion in the same month last year. Interest payments rose by 5.22% to P55.64 billion, while amortization payments fell by 70.63% to P10.43 billion. The government's budget deficit narrowed by 7.24% to P209.1 billion in June from P225.4 billion a year ago.
August 11, 2024
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