The Philippine government's debt service bill swelled to about P315 billion in April, with the bulk allocated to amortization payments made to domestic lenders, according to the Bureau of the Treasury (BTr) as reported by Philstar Biz .
The BTr data show that the April debt service included both interest and principal repayments, with a significant portion going to domestic creditors. The P315-billion figure represents a notable increase compared to the same period last year, reflecting the government's continued reliance on borrowing to fund budget deficits and infrastructure projects.
The debt service payments are a regular part of the national government's fiscal obligations. The BTr is expected to continue releasing monthly updates on the country's debt profile as the administration manages its borrowing program to support economic growth while maintaining debt sustainability.