THE national government shelled out less money for its debt payments in the first four months of this year compared to a year ago.
On the other hand, interest payments rose by 24.7 percent to P186.63 billion from P149.68 billion in the comparable period a year ago. Interest payments, however, jumped by 56.6 percent to P37.3 billion from P23.8 billion in April last year.If this is realized, this would be higher than the P1.204 trillion that the government shelled out in 2021 to repay its debts as the Covid-19 pandemic raged on.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: