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Gov't settles P1.95-T debts in 11 months
The Philippine Star
|January 13, 2025
Over 96% of 2024 program
The Marcos administration hiked its debt payments to P1.95 trillion in the 11 months to November 2024, settling over 96 percent of its programmed obligation for last year.
Latest Bureau of the Treasury data showed that the government increased its debt payments by more than a quarter from the P1.53 trillion recorded in the same period of 2023.
As of end-November, the government has settled 96.25 percent of its total programmed debt service for 2024, which is set at a record P2.03 trillion. The programmed debt payments are divided into a 77:23 mix in favor of domestic creditors.
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