![Gov't debt payments hit P69 B in May](https://cdn.magzter.com/1589965519/1720980703/articles/Qk2dVISkF1720983645693/GOVT-DEBT-PAYMENTS-HIT-P69-B-IN-MAY.jpg)
Data from the Bureau of the Treasury showed that the administration hiked its debt payments in May, settling some P68.98 billion, up by 40.6 percent from the P49.05 billion in the same period last year.
Almost 90 percent of the debt service was for interest payment at P61.1 billion. This is a 48 percent increase from the P41.34 billion paid in the comparative period.
On the other hand, payment for amortization or the settlement of principal inched up by 2.3 percent to P7.88 billion from P7.7 billion in May 2023.
Spending on amortization goes to returning the loan principal, while interest payments go to complying with interest obligations.
هذه القصة مأخوذة من طبعة July 15, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 15, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
P27-M disallowance vs PhilSOC upheld
The Commission on Audit has upheld the validity of a Notice of Disallowance (ND) covering a P27.22-million fund transferred by the Philippine Sports Commission (PSC) to the Philippine Southeast Asian Games Organizing Committee (PhilSOC) in preparation for the 2005 Southeast Asian Games.
![HEART EVANGELISTA: IT REALLY PAYS TO BE KIND](https://reseuro.magzter.com/100x125/articles/21915/1801995/uav1v2LD01723921744679/HEART-EVANGELISTA-IT-REALLY-PAYS-TO-BE-KIND.jpg)
HEART EVANGELISTA: IT REALLY PAYS TO BE KIND
HEART EVANGELISTA looked stunning and elegant wearing a demi-couture Giambattista Valli dress and transparent platform heels from an Italian brand Le Silla during her recent guesting on “Fast Talk with Boy Abunda.” She completed her glamorous look with jewelry pieces from her personal collection and layered them effortlessly.
PERA contributions reach P457 M in H1
Voluntary retirement contributions rose by 24.3 percent to P457.6 million in the first half from P368 million in the same period last year as more and more Filipinos participate in the government’s Personal Equity and Retirement Account (PERA) program.
Shakey's expects income to recover in 2nd half
Shakey’s Pizza Asia Ventures Inc. (SPAVI) expects income to recover in the second half after dropping by 14 percent to P421 million from January to June.
![Senate approves livestock dev't bill](https://reseuro.magzter.com/100x125/articles/21915/1801995/uaflJe8sm1723921561515/SENATE-APPROVES-LIVESTOCK-DEVT-BILL.jpg)
Senate approves livestock dev't bill
The Senate has approved on third and final reading a proposed measure that would bolster the growth and enhance the productivity of the country’s livestock, poultry and dairy (LPD) industry.
To prioritize key infra projects DPWH, ADB boost tie up
The Department of Public Works and Highways (DPWH) is strengthening its partnership with the asian Development Bank (aDB) to prioritize the country’s key infrastructure projects.
June Mar looking at 8th Wonder
San Miguel Beer titan June Mar Fajardo is poised to rewrite history in today’s PBA Leo Awards with SMB teammate CJ Perez and Terrafirma’s Christian Standhardinger out to spoil the Kraken’s party.
![Harris pledges to tackle costs, build houses, lower taxes](https://reseuro.magzter.com/100x125/articles/21915/1801995/43d67UGFm1723921262327/HARRIS-PLEDGES-TO-TACKLE-COSTS-BUILD-HOUSES-LOWER-TAXES.jpg)
Harris pledges to tackle costs, build houses, lower taxes
US Vice President Kamala Harris outlined proposals to cut taxes for most Americans, ban “price gouging” by grocers and build more affordable housing on Friday as part of the “opportunity economy” that she plans to pursue if she wins the White House.
Biden: Gaza ceasefire deal much closer
DOHA Reuters) Gaza ceasefire talks here paused on Friday with negotiators to meet again next week, seeking an agreement to end fighting between Israel and Hamas and free remaining hostages, as US President Joe Biden said we're not there yet.”
![Indian doctors stage nationwide strike over colleague's rape-slay](https://reseuro.magzter.com/100x125/articles/21915/1801995/R8Tsqn3vE1723921151281/INDIAN-DOCTORS-STAGE-NATIONWIDE-STRIKE-OVER-COLLEAGUES-RAPESLAY.jpg)
Indian doctors stage nationwide strike over colleague's rape-slay
Indian doctors yesterday launched a nationwide strike, escalating protests after the “barbaric” rape and killing of their colleague that has channeled outrage at the chronic issue of violence against women.