Government’s debt service bill surges to P665B in August - BusinessWorld Online

Government’s debt service bill surges to P665B in August - BusinessWorld Online

THE NATIONAL GOVERNMENT’S (NG) debt service bill soared in August as amortization and interest payments surged, the Bureau of the Treasury (BTr) reported. The latest data from the Treasury showed that the debt service bill more than tripled (256.96%) to P664.72 billion in August from P186.22 billion in the same month last year. Month on month, the debt service bill also went up by 515.17% from P108.06 billion in July. Debt service refers to the …