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NG debt servicing shrank in Q1 on sharp drop in amortization

Business Mirror LogoBusiness Mirror1d ago

NG debt servicing shrank in Q1 on sharp drop in amortization - Business Mirror

Quick Summary:

THE amount of repaying the national government’s debt contracted by 65.31 percent year-on-year in the first quarter due to a sharp drop in principal repayments, latest data by the Bureau of the Treasury (BTr) revealed.

Amortization only amounted to P101.022 billion in the first quarter of 2025, compared to the P793.044 billion the government paid last year.

Against the backdrop of mounting debt accumulated since the pandemic, Ricafort said, “the government may still need to further intensify tax revenue collections based on existing tax laws, come up with new taxes or tax reform measures, increase tax rates, among others, to further boost structural sources of government revenues.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-11 @ 16:08:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 799 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 28575262

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About Business Mirror

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 77 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 15 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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