• The debt service bill of the Marcos administration swelled nearly four times year-on-year in March mainly due to fatter payments of domestic liabilities, data from the Bureau of the Treasury (BTr) showed.
  • The government settled P533.5 billion of its obligations in March, significantly higher than the P142.2 billion it paid to creditors a year ago, figures showed.
  • This pushed up the first quarter payments for liabilities by 74.3 percent to P986 billion, accounting for 51.6 percent of the government’s P1.91-trillion debt service plan for 2024.