The Philippine government’s debt service payments fell 3.99 percent year-on-year to P89.97 billion in November 2025, as amortization payments dropped sharply, Bureau of the Treasury data showed.
The total debt service bill declined from P93.70 billion in the same month in 2024. However, the November figure represented a 36.76-percent surge from the P65.78 billion recorded in October.
Interest payments increased 15.96 percent to P77.29 billion in November compared with P66.65 billion a year earlier.
Domestic interest payments accounted for most of these costs at P56.88 billion, rising from P48.93 billion in November 2024.
Within the domestic interest category, the government paid P32.22 billion for fixed-rate Treasury bonds and P21.09 billion for retail treasury bonds.
Treasury bills accounted for P3 billion, while other instruments totaled P563 million. Interest payments for foreign borrowings also climbed to P20.41 billion from P17.72 billion.
Amortization payments slumped 53.13 percent to P12.68 billion from P27.05 billion in the previous year.
External borrowing payments made up the bulk of the amount at P12.50 billion, and domestic debt principal payments accounted for the remaining P177 million.
The November figures brought the 11-month debt service total for the government to P2.02 trillion. This cumulative amount nearly reached the P2.05 trillion debt service programmed for the full year of 2025.
