THE NATIONAL GOVERNMENT (NG) debt service payments surged to P2.02 trillion in 2024 as both interest and amortization payments increased, the Bureau of the Treasury (BTr) said.
Data from the Treasury showed that the NG’s debt repayments rose by 26% to P2.02 trillion last year from the P1.604 trillion recorded in 2023.
However, it fell short of the P2.027-trillion program for debt payments by 0.3% last year.
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