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Share of debt servicing to total expenses seen to keep shrinking

Debt servicing, which used to eat a third of the national budget about a decade ago, is seen to continue shrinking as a percentage of state expenditure to hit only 12 percent by the end of the Aquino administration’s term.

Posted: January 5th, 2014 in Headlines | Read More »

Gov’t settled P658B in debts in Jan.-Nov.

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The government spent P658 billion in the 11 months to November 2012 to pay debts, according to the Bureau of Treasury (BTr).

Posted: December 31st, 2012 in Headlines | Read More »

Gov’t debt servicing drops slightly

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The government spent P511.1 billion in the eight months to August to pay off debt, 3 percent less than the P525.1 billion settled in the same period last year, according to the Bureau of Treasury.

Posted: October 3rd, 2012 in Headlines | Read More »

Gov’t sees drop in debt-servicing need

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The government expects a slight decrease in its debt servicing requirement next year amid debt-consolidation efforts and falling principal payments, according to Budget Secretary Florencio B. Abad.

Posted: July 11th, 2012 in Headlines | Read More »

Gov’t debt servicing down 2% in Sept.

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The government spent P597.5 billion in the nine months to September to pay its debt. The amount was 2 percent lower than the P607.3 billion settled in the same period last year, according to the Bureau of the Treasury. The slight decrease in debt servicing during the period was observed as Malacañang continued to focus […]

Posted: November 2nd, 2011 in Headlines | Read More »

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