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Article: NG interest payments seen to decline.(Business)

Article from:
Manila Bulletin
Article date:
April 24, 2006
Copyright

Byline: LEE C. CHIPONGIAN

National Government interest payments are expected to drop 6-8 percent in 2007 to below P318.9 billion from the programmed P340 billion this year.

The Department of Finance sees debt servicing further declining to P316.8 billion in 2008 and P315.8 billion a year later. However this will increase to P331.8 billion by 2010 when the budget deficit starts to balance out.

According to the interagency Development Budget Coordination Committee (DBCC), interest payments will decrease an average of three percent beginning next year.

In 2005 NG debt service amounted to P299.8 billion, P13.6 billion lower against ...

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