Gov’t Debt Payments up 12% in April

Gov’t debt payments up 12% in April

MANILA, Philppines – The Philippine government’s debt service bill climbed in April after a surge in interest payments, pushing total servicing past the trillion-peso mark in the first four months of the year. Latest data from the Bureau of the Treasury showed that the Marcos administration paid a total of P314.9 billion to creditors at

Gov’t debt payments break ₱1-trillion barrier on surging domestic payouts

The national government’s debt-servicing costs surged past the ₱1-trillion threshold in the first four months of the year, driven by the dramatic increase...