PH gov’t debt servicing rose anew in May

business / Debt Debt Greater interest payments PH gov’t debt servicing rose anew in May By: Nyah Genelle C. De Leon - @inquirerdotnet Philippine Daily Inquirer / 02:05 AM July 06, 2026 Share: Bureau of the Treasury MANILA, Philippines – The debt service bill of the Philippine government increased again in May as both interest payments and principal repayments sustained their climb, according to the Bureau of the Treasury (BTr). Latest data from the BTr showed the amount climbed to P97.

18 billion in May, up by more than 21 percent from P80.05 billion in the same month last year. READ: Gov’t debt payments up 12% in April Article continues after this advertisement The latest figure pushed the Marcos administration’s total debt service payments in the first five months of the year to P1.

15 trillion, ballooning by 63 percent from P703 billion in the same period in 2025. The amount now accounts for more than half of the government’s P2.005-trillion borrowing program for 2026.

FEATURED STORIES BUSINESS GCash, Maya reduce InstaPay transfer fees BUSINESS PSE welcomes new faces to board BUSINESS PH stakes claim in ‘purple gold rush’ Principal repayments or amortization jumped 24.6 percent to P12.58 billion in May from P10.

09 billion a year earlier. The government did not make principal repayments on domestic debt during the month, with all amortization payments going to external creditors. READ: PH debt hits new peak at P18.

55T Since the start of this year, the government has already spent P728.2 billion on principal repayments. This was more than double the P346 billion recorded in the comparable period last year, driving the sharp increase in the five-month debt service.

Article continues after this advertisement Interest payments, which accounted for the bulk of the May debt service bill, also continued to rise. The government paid P84.6 billion in interest during the month, up by nearly 21 percent from P70 billion a year earlier.

From January to May, interest expenses reached P421.3 billion, about 18 percent higher than the P357 billion recorded in the same period in 2025. INQ Your subscription could not be saved.

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5-B investment pledges mark Marcos’ Canada visit newsinfo NCRPO: Over 6,000 cops to secure Senate for Duterte impeachment trial sports Justin Brownlee out for Gilas Pilipinas vs Australia in Fiba qualifiers entertainment LOOK: Celebrities who watched, cheered for Alex Eala at Wimbledon newsinfo Bavi to bring strong winds to PH starting July 7 — Pagasa globalnation 'Very dangerous' super typhoon nears US Pacific islands sports Alex Eala faces Jasmine Paolini for spot at Wimbledon quarterfinals newsinfo No jackpot winners in PCSO Ultra, Super Lotto draws for July 5 TAGS: Bureau of Treasury, Business, debt service, Marcos administration Your subscription could not be saved. Please try again. Your subscription has been successful.

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