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Philippine government's September debt payments plunge 60.83% to ₱93.61 billion, despite record national debt.
The Philippine national government's debt payments for September 2024 fell by 60.83% to ₱93.61 billion, down from ₱239 billion in the same month last year.
This decline was largely due to a sharp decrease in amortization payments, which fell by 88.21% to ₱19.76 billion.
Interest payments increased slightly by 3.26% to ₱73.85 billion.
For the first nine months of 2024, total debt payments reached ₱1.64 trillion, a 17.39% increase from the same period in 2023.
Despite these fluctuations, the national debt reached a record high of ₱15.89 trillion by September 2024.
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Los pagos de deuda del gobierno filipino de septiembre se hundieron 60.83% a 93.610 millones de libras, a pesar de la deuda nacional sin precedentes.