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Gov’t spent P622B as of Oct. to bring down debt

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The Bureau of Treasury reported that the Philippines’ total debt payment in the first four months of 2012 was down 14 percent at P299.81 billion compared with the P350.29 billion paid in the same period last year.

The government spent P622 billion in the first 10 months of the year to pay debts, as part of the administration’s commitment to improve the country’s credit profile and secure an investment rating for the Philippines.

Posted: December 7th, 2012 in Latest Business Stories | Read More »

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