By Justine Irish D. Tabile, Senior Reporter
THE NATIONAL GOVERNMENT’S (NG) debt service bill jumped by over 21% in May amid higher interest and amortization payments, the Bureau of the Treasury (BTr) said.
The latest Treasury data showed payments made by the government for its obligations surged by 21.4% to P97.18 billion in May from P80.05 billion in the same month a year ago.
Month on month, however, debt service slumped by 69.1% from P314.89 billion in April.
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