Gov’t debt service bill plunges 66% in March

THE NATIONAL Government’s (NG) debt service bill plunged in March amid a decline in amortization payments, the Bureau of the Treasury (BTr) said.

The latest data from the Treasury showed that payments made by the government for its obligations went down by 65.63% to P183.36 billion in March from P533.52 billion in the same month a year ago.

Month on month, however, debt service surged by 251.57% from the P52.15 billion in February.