Govt debt payments drop sharply in Feb

Debt servicing by the national government declined sharply in February from a month earlier on lower amortizations, but rose slightly from a year earlier due to higher interest, data from the Bureau of the Treasury showed.

Debt payments amounted to P25.215 billion, 67 percent lower than January’s P78.170 billion, but up by 3.43 percent compared to the P24.378 billion recorded a year earlier.