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MANILA, Philppines – The Philippine government’s debt service bill climbed in April after a surge in interest payments, pushing total servicing past the trillion-peso mark in the first four months of the year.
Latest data from the Bureau of the Treasury showed that the Marcos administration paid a total of P314.9 billion to creditors at home and abroad in April, up 12 percent from the P280.9 billion recorded in the same month last year.
READ: PH March debt payments eased 8%
This brought total debt service payments from January to April to P1.052 trillion, rising 68.9 percent from P622.9 billion a year earlier. The amount has already reached more than half, or 52.5 percent, of the government’s P2.005-trillion debt service program for 2026.
