Gov't debt payments tumble by ₱484B

Nearly half a trillion pesos in total payments were slashed during the first seven months of 2025, with domestic lenders receiving nearly ₱600 billion less in principal payments compared to what they had received from the Marcos administration in 2024.

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Data from the Bureau of the Treasury (BTr) showed that the Marcos administration’s total debt financing only amounted to ₱876 billion from January to July, a decline of nearly half a trillion compared to the ₱1.36 trillion recorded in the same period last year.

This 35.7 percent decline was driven by a massive drop in principal payments or amortization during the seven-month period.

Amortization fell to ₱355.1 billion, starkly contrasting with the ₱907.3 billion the Marcos administration paid in the first seven months of last year. This is equivalent to a drop of ₱552.2 billion or 60.9 percent.

Notably, the government’s payments to domestic creditors plunged by ₱587 billion or 77.5 percent from its ₱757.6 billion worth of payments a year earlier. Almost stagnant from the end-June figure, the government only paid 170.6 billion in the January-toJuly period.