THE country’s debt service soared by 158.02 percent in July 2022, the start of the Marcos administration, according to data from the Bureau of the Treasury .
However, the higher debt service made by the country in July did not lead to a higher debt service in the seven-month period of 2022. Meanwhile, the country’s debt service in July was driven by higher amortizations amounting to P104.107 billion. This skyrocketed by 6,789.94 percent from the P1.511 billion in amortizations paid in July 2021
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