Govt debt servicing down 15% in Sept

Debt servicing by the national government eased in September, declining by double digits from a year earlier on the back of lower amortizations, data from the Bureau of the Treasury showed.

Debt payments amounted to P41.41 million, 15 percent lower than the P48.76 billion recorded a year earlier. Compared to August, however, debt servicing in September surged by 68 percent from P24.64 billion.