The government’s debt service burden more than tripled in August, driven by higher amortization payments following a mammoth settlement of maturing bonds.
Debt payments surged by 257 percent year-on-year to P664.7 billion, according to the latest cash operation report from the Bureau of the Treasury.
This increase brought the total debt service payments for the first eight months of the year to P1.54 trillion, remaining nearly flat compared to the previous period.
https://business.inquirer.net/550897/govt-debt-service-surged-by-257-in-aug-to-p664-7b