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Article: NG interest payments on loans up in 1st quarter
- Article from:
- The Manila Times
- Article date:
- April 30, 2008
- Author:
CopyrightCopyright Content Parnership Pty Ltd Apr 30, 2008. Provided by ProQuest LLC. (Hide copyright information)
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LOAN interest payments of the national government increased year on year in January to March despite the significant appreciation of the peso against the greenback.
Finance data showed interest payments grew by 12.4 percent to P100.2 billion in January to March this year; however, the increase remained below the programmed P102.3 billion for the period.
Interest payments hardly went down in March as the government paid P30.3 billion from P33.2 billion in the same month last year.
The increased interest payments bloated national government expenditures to P305.1 billion from January to March against the programmed P309.8 billion. Government expenditures in the same period last year were ...