The national government’s debt servicing reached P313.65 billion in January to March, or 40 percent lower than the P521.51 billion paid out in the same period last year.
The end-March principal payments consist of domestic payments of P153.01 billion, down 39 percent compared with P252.85 billion in the previous year. In March alone, debt payments amounted to P67.39. billion, a hefty 74 percent decline from P268.41 billion a year ago.
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