Interest costs eat up nearly all of debt payments in July

Inquirer.net 2 h Philippines

MANILA, Philippines — A fresh spike in interest costs pushed the government’s debt service payments up nearly 30 percent in July, with the charges swallowing almost the entire bill for the month. Latest data from the Bureau of the Treasury (BTr) showed the government paid a total of P139.991 billion to lenders during the month, up

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