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- August, 2017 Debt service is a term used to describe the payments made on a loan or debt. These payments can be made on a monthly, quarterly, or yearly basis, and may include principal, interest, or other fees. Debt service payments are typically used to pay off the principal balance of a loan or debt over time, as well as any associated interest or fees. In some cases, debt service payments may also be used to pay down the principal balance of a loan or debt. Debt service payments can be made to a lender, creditor, or other third party, depending on the details of the loan or debt.
THE NATIONAL Government’s (NG) debt service bill more than tripled to P158.898 billion in January as both principal and interest payments rose, the Bureau of the Treasury (BTr) reported. Latest data from the BTr showed that the debt repayments in January surged by 232.2% from the P47.831 billion recorded in the same month a year […]
THE PHILIPPINES’ external debt payments more than doubled in January as principal payments surged, central bank data showed. Preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed that the country’s external debt service burden soared by 110% to $1.729 billion from $823 million a year ago. The debt service burden refers to the amount […]
There have been some good reports on the Philippines’ fiscal situation early this year. See these recent stories in BusinessWorld: “Debt service bill falls by 22% in Feb.” (April 22), “Budget deficit narrows in March” (April 25), and “NG gross borrowings fall in March” (April 29). I checked the cash operations report released last week […]
THE NATIONAL Government’s (NG) debt service bill nearly quadrupled in March amid a surge in amortization payments, data from the Bureau of the Treasury (BTr) showed. BTr data showed that debt payments surged by 275.3% to P533.523 billion in March from P142.171 billion in the same period a year ago. The bulk or 86.7% of […]
THE NATIONAL Government’s (NG) debt service bill fell in April amid a drop in amortization payments, the Bureau of the Treasury (BTr) said. Data from the BTr showed that debt repayments declined by 21% to P161.695 billion in April from P204.763 billion in the same month a year ago. Month on month, the debt service […]