{"id":14873,"date":"2014-06-13T17:34:42","date_gmt":"2014-06-13T09:34:42","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=14873"},"modified":"2025-03-08T19:39:20","modified_gmt":"2025-03-09T00:39:20","slug":"phls-debt-payment-down-by-32","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/06\/13\/phls-debt-payment-down-by-32\/","title":{"rendered":"Phl&#8217;s debt payment down by 32%"},"content":{"rendered":"<figure id=\"attachment_10960\" aria-describedby=\"caption-attachment-10960\" style=\"width: 300px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/shutterstock_104402258.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-10960\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/shutterstock_104402258-300x300.jpg\" alt=\"Shutterstock photo\" width=\"300\" height=\"300\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/shutterstock_104402258-300x300.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/shutterstock_104402258-150x150.jpg 150w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/shutterstock_104402258.jpg 500w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-10960\" class=\"wp-caption-text\">Shutterstock photo<\/figcaption><\/figure>\n<p>MANILA &#8212; The total debt payment of the government fell to nearly 32% during the first quarter this year as principal debt payments also made a significant decline during the review period, Bureau of Treasury&#8217;s latest data showed.<\/p>\n<p>This year&#8217;s payment is down to P174.19 billion in the first four months from January to May 2014 with the continuous decline in the debt servicing expenditures.<\/p>\n<p>The government has earmarked P791.5 billion for public debt servicing this year, an amount accounting for more than 30 percent of the proposed 2014 national budget of P2.<\/p>\n<div style=\"position:absolute;left:-99195px;\"> buy cipro online <a href=\"https:\/\/www.northwestphysicians.com\/wp-content\/uploads\/2025\/01\/png\/cipro.html\">www.northwestphysicians.com\/wp-content\/uploads\/2025\/01\/png\/cipro.html<\/a> no prescription pharmacy <\/div>\n<p>268 trillion.<\/p>\n<p>Interest payments, which amounted to P116.<\/p>\n<div style=\"position:absolute;left:-99195px;\"> buy glycomet online <a href=\"https:\/\/www.northwestphysicians.com\/wp-content\/uploads\/2025\/01\/png\/glycomet.html\">www.northwestphysicians.com\/wp-content\/uploads\/2025\/01\/png\/glycomet.html<\/a> no prescription pharmacy <\/div>\n<p>53 billion, 4.49 percent lower than the P122.01 billion a year ago, will be covered by P352.<\/p>\n<div style=\"position:absolute;left:-99195px;\"> buy cialis super active online <a href=\"https:\/\/www.northwestphysicians.com\/wp-content\/uploads\/2025\/01\/png\/cialis-super-active.html\">www.northwestphysicians.com\/wp-content\/uploads\/2025\/01\/png\/cialis-super-active.html<\/a> no prescription pharmacy <\/div>\n<p>7 billion fund from the total budget.<\/p>\n<p>Domestic debt, done through the sale of Treasury bills and bonds during weekly auctions held by the BTR will be given P248.4 billion.<\/p>\n<p>On the other hand, foreign borrowings obtained from\u00a0<span style=\"color: #000000;\">development lenders which include the World Bank, Asian Development Bank and the Japan International Cooperation Agency, World Bank and Asian Development Bank, will be allotted with\u00a0P104.3 billion.\u00a0<\/span><\/p>\n<p>Meanwhile, compared to the P133.55 billion recorded total principal payment made a year earlier, the first four month&#8217;s record this year is 56.8 percent lower.<\/p>\n<p>The government will be spending P438.8 billion, including P350.9 billion for domestic debt servicing, for principal payments this year.<\/p>\n<p><em>With reports from Philippine Star<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA &#8212; The total debt payment of the government fell to nearly 32% during the first quarter this year as &hellip;<\/p>\n","protected":false},"author":44,"featured_media":10960,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[5214],"class_list":["post-14873","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-government-debt-payment","mauthors-lei-fontamillas","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/14873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=14873"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/14873\/revisions"}],"predecessor-version":[{"id":287772,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/14873\/revisions\/287772"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/10960"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=14873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=14873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=14873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}