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7-mo gov’t debt servicing cost soared 1,302% on high rates, larger domestic borrowings

By Inquirer - 3 days ago
The cost of servicing government debt ballooned in the first seven months due to a high-interest rate environment and the expansion of domestic debt, data from the Bureau of the Treasury (BTr) showed. The government settled P81.17 billion of its obligations in July, up by 26.1 percent from the P64.36 billion paid to creditors a

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