Debt servicing by the national government sharply rose in January from a month earlier, although declining year-on-year on lower amortizations and interest payments, data from the Bureau of the Treasury showed.

January debt payments amounted to P78.17 billion, 176 percent higher than the P28.29 billion paid in December 2015, but down by 34 percent compared with the P118.57 billion recorded a year earlier.

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