2024 Q1 national government debt service increased 48.86% to ₱1.147 trillion due to higher amortization outpacing interest payments.
The national government's debt service in the first four months of 2024 increased by 48.86% to ₱1.147 trillion due to higher amortization outpacing interest payments, according to the Bureau of the Treasury. Amortization payments rose by 52.38% to ₱887.243 billion, while interest payments almost tripled to ₱260.488 billion. However, in April, the debt service bill dropped by 21% to ₱161.695 billion due to a decline in amortization payments.
June 02, 2024
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