Domestic debt service of the Philippine government

Debt service obligation of the government is composed of its regular liabilities, meaning debts accumulated in the process of its regular operations, and assumed liabilities, or those debts by government corporations, government financial institutions and other agencies, which can no longer be serviced by these government enterprises, and were assumed by the national government through the Department of Finance (DOF).

Assumed liabilities are not big these years, they used to be big sometime in the late 80s to 90s. What are big are the regular liabilities, and here are the numbers. We did not show the breakdown among Principal, Interest and Redemption from the sinking fund. Check the link given to see the original table from BESF 2012.

Almost one-half trillion pesos a year on average from 2010 to 2012, these domestic debt are indeed huge. We will show foreign debt service next.

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