PH debt-servicing ‘well managed,’ says DBM chief

MANILA, Philippines --- The Phlippines' debt-servicing is "well managed" with most of the budget still allocated for public services, Budget Secretary Amenah Pangandaman said in a statement on Tuesday. Debt servicing refers to the total budget required for the government to pay back all debt obligations including the principal and interest of loans. "Debt servicing shall not hamper the implementation of the government's priority programs and projects," Pangandaman said in a statement. "It is well-managed." Pangandaman added that the country's debt servicing was "expected to stabilize and decline over the near term." This is in line with the plan of President Ferdinand Mar...

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