Lower principal payments ease Sept. debt burden
MANILA, Philippines — A sharp decline in principal repayments eased the government’s debt service burden in September, more than offsetting higher interest expenses, the Bureau of the Treasury said. The government spent P207.5 billion to service its debt during the month, down 36.7 percent from a year earlier, the latest Treasury data showed. READ: Gov’t debt
MANILA, Philippines — A sharp decline in principal repayments eased the government’s debt service burden in September, more than offsetting higher interest expenses, the Bureau of the Treasury said. The government spent P207.5 billion to service its debt during the month, down 36.7 percent from a year earlier, the latest Treasury data showed. READ: Gov’t debt
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