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Debt service up 65% on interest

2025-01-14

THE national government’s debt service bill swelled by 65.33 percent to P93.704 billion in November 2024, as interest rates remained high amid weak peso performance.

Data from the Bureau of the Treasury (BTr) showed the government settled P93.704 billion of its debts in November 2024, higher by 65.33 percent than the P56.674 billion it paid a year ago.

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