The government’s debt payments jumped 232 percent in January 2024 on higher amortization, according to the Bureau of the Treasury.
The government paid P74.22 billion in interest in January, higher by 58 percent than P46.97 billion a year ago. Broken down, the government paid P40.92 billion in fixed-rate Treasury bonds , P3.57 billion in retail T-bonds, P2.59 billion in Treasury bills and P1.72 billion in other instruments.Data released by BTr earlier showed that the national government ’s total outstanding debt hit P14.79 trillion as of end-January, a 1.19-percent increase from the previous month.
Domestic debt rose P144 billion, or 1.44 percent, to P10.16 trillion as of end-January following the net issuance of government securities.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: