The national government’s debt payments surged nearly threefold to P216.850 billion in October, driven by an almost eightfold increase in its amortization to lenders. Data from the Bureau of the Treasury (BTr) showed debt service in October jumped by 178.87 percent to P216.850 billion from P77.
The national government’s debt payments surged nearly threefold to P216.850 billion in October, driven by an almost eightfold increase in its amortization to lenders.
In October, the government settled P120 billion in amortization to domestic lenders while the remaining P41.462 billion went to foreign financiers. This includes interest payments worth P2.766 billion for Treasury bills, P27.266 billion for fixed-rate Treasury bonds, P3.575 billion for retail Treasury bonds and P1.727 billion for others.
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