Philippines Debt Payments Dip to P1.65 Trillion in 9 Months Amid Rising Interest
The Philippines' debt service bill for the first nine months of 2024 decreased by 11.7% to P1.65 trillion compared to the same period last year. While principal payments fell, interest payments rose by 16%. The country's outstanding debt reached a record P19.66 trillion by the end of September.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Garin: VP Camp Employing Delaying Tactics in Impeachment Trial
Philippine House Deputy Speaker Janette Garin accused Vice President Sara Duterte's camp of employing delaying tactics in her impeachment trial, suggesting the defense aimed to prolong proceedings with an extensive witness list. Prosecutors reportedly withdrew some charges partly due to these concerns.
- Dead pets dumping in Bulacan: Senators seek tougher measures; probe set
Philippine senators are pushing for stronger animal cruelty laws following the discovery of numerous pet remains dumped in San Jose Del Monte, Bulacan. An inquiry has been launched into the incident, which allegedly involves Ahjay Paws Aftercare Pet Crematorium in Bacoor City, Cavite.
- Families of 'Desaparecidos' Honor Missing Kin on All Souls' Day
Families of victims of unresolved disappearances in the Philippines honored their missing loved ones on All Souls' Day, calling for truth and justice. The family of a victim who disappeared in 2007 still longs for their father's return and a peaceful life. The issue highlights concerns over human rights violations in Philippine society.
- House-Approved 2027 Budget Faces Scrutiny Over Questionable Insertions
A Philippine lawmaker is calling for a thorough investigation into the 2027 budget bill approved by the House of Representatives, citing concerns over projects lacking supporting documents and budget realignments prone to abuse. Particular alarm is raised over P190 billion in projects with unclear attachments.