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TABLE 11. - DEBT SERVICE OF THE NATIONAL GOVERNMENT
Preliminary, subject to change (as of 24 April 2024)
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CY 2004 - 2023
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(In Million Pesos)
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Version 2*
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Particulars20042005200620072008200920102011201220132014201520162017201820192020202120222023
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INTEREST PAYMENTS
 260,901 299,807 310,108 267,800 272,218 278,866 294,244 278,996 312,799 323,434 321,185 309,364 304,454 310,541 349,215 360,874 380,412 429,432 502,858 628,333
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Domestic
 169,997 190,352 197,263 157,220 170,474 164,703 175,673 170,476 201,215 222,317 220,495 215,589 205,426 210,476 243,232 250,298 279,056 333,335 383,452 435,742
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NG
 169,997 190,352 197,263 157,220 170,474 164,703 175,673 170,476 201,215 222,317 220,495 215,589 205,426 210,476 243,232 250,298 279,056 333,335 383,452 435,742
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Treasury Bills 34,741 36,946 29,545 20,328 36,146 20,441 15,918 2,668 1,881 844 1,592 1,770 529 4,320 10,002 25,280 22,437 20,291 12,647 17,166
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Treasury Bonds 186 160 108 55 11 - - - 3 - - - - - - - - - - -
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Treasury Notes 84 75 53 6 - - - - - - - - - - - - - - - -
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Fixed Rate Treasury Bonds
 97,462 116,759 136,551 115,413 115,646 120,194 128,867 127,742 157,613 168,378 166,197 167,548 162,382 158,196 167,066 143,494 162,785 209,161 231,138 263,177
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Fixed Rate Treasury Notes
 804 780 1,248 70 1,052 - - - - - - - - - - - - - -
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Fixed Rate Promissory Note
 4,472 4,472 3,925 3,760 1,626 686 686 - - - - - - - - - - - - -
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Retail Treasury Bonds 24,545 24,981 23,412 15,381 15,259 16,441 22,086 24,291 36,623 48,112 48,088 44,770 41,719 46,129 63,505 77,623 90,344 101,277 135,498 149,738
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Onshore Dollar Bond - - - - - - - - - - 241 - - - - - - - - -
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Zero Coupon Bonds - - - - - 5,836 7,549 8,783 - - - - - - - - - - - -
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Domestic Bond Exchange
 - - - - - - - 6,639 - 167 - - - - - - - - - -
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Others 7,703 6,179 2,421 2,207 734 1,105 567 353 5,095 4,816 4,376 1,501 796 1,831 2,659 3,901 3,490 2,606 4,169 5,661
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Assumed Liabilities
 - - - - - - - - - - - - - - - - - - - -
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Foreign
 90,904 109,455 112,845 110,580 101,744 114,163 118,571 108,520 111,584 101,117 100,690 93,775 99,028 100,065 105,983 110,576 101,356 96,097 119,406 192,591
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NG
 90,252 108,982 112,409 110,511 101,742 114,161 118,571 108,520 111,584 101,117 100,690 93,775 99,028 100,065 105,983 110,576 101,356 96,097 119,406 192,591
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Assumed Liabilities
 652 473 436 69 2 2 - - - - - - - - - - - - - -
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DBP 368 216 197 31 - - - - - - - - - - - - - - - -
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PNB 63 60 59 10 - - - - - - - - - - - - - - - -
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PNR - - - - - - - - - - - - - - - - - - - -
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NPC-PNPP 167 141 102 23 - - - - - - - - - - - - - - - -
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NDC 13 5 24 2 2 2 - - - - - - - - - - - - - -
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NIDC 3 4 5 - - - - - - - - - - - - - - - - -
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PAL 17 24 27 - - - - - - - - - - - - - - - - -
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PGC/TIDCORP 21 23 22 3 - - - - - - - - - - - - - - - -
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Note:
* Version 2 follows the GFSM 2014 concept wherein reporting of debt amortization reflect the actual principal repayments to creditor including those serviced by the BSF; while financing includes gross proceeds of liability management transactions such as bond exchange.
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Page 2 - Debt Service of the National Government
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Particulars20042005200620072008200920102011201220132014201520162017201820192020202120222023
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AMORTIZATION
 190,895 357,587 529,884 342,340 291,801 500,437 644,978 651,573 286,443 375,088 434,362 487,895 485,511 369,926 376,374 481,575 582,054 774,637 790,323 975,278
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Domestic
 72,529 231,935 366,557 280,088 211,288 401,548 420,616 506,769 199,869 257,500 304,985 363,139 311,875 229,392 265,049 344,475 440,401 537,450 659,834 854,165
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Redemption
 72,529 231,935 366,525 280,075 211,288 401,548 420,616 506,769 199,869 257,500 304,985 363,139 311,875 229,392 265,049 344,475 440,401 536,657 659,834 854,165
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ARB - - - 1,788 2,029 1,330 1,504 1,957 1,713 1,856 3,455 4,729 2,445 2,209 2,949 2,394 1,274 1,512 1,589 1,300
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BSF 49,628 214,188 200,997 189,756 208,900 263,643 247,199 212,334 198,156 255,644 179,814 121,136 309,430 227,183 262,100 342,081 336,033 447,596 549,468 821,193
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Domestic Bond Exchange
 - - 165,528 88,531 - 136,575 171,913 292,473 - - 121,716 237,274 - - - - 89,421 80,988 108,777 31,672
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Premyo Bonds - - - - - - - - - - - - - - - - 4,104 6,561 - -
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FTD 16,571 - - - - - - - - - - - - - - - - - - -
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FRTN 6,330 17,747 - - - - - - - - - - - - - - - - - -
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Reconstruction Bonds - - - - 2 - - - - - - - - - - - - - - -
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Treasury Bonds - - - - 357 - - 5 - - - - - - - - - - - -
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BSP Promissory Note - - - - - - - - - - - - - - - - 9,569 - - -
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Assumed Liabilities
 - - 32 13 - - - - - - - - - - - - - 793 - -
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Foreign
 118,366 125,652 163,327 62,252 80,513 98,889 224,362 144,804 86,574 117,588 129,377 124,756 173,636 140,534 111,325 137,100 141,653 237,187 130,489 121,113
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NG
 112,266 120,958 104,323 59,410 80,498 98,873 124,297 143,143 86,569 117,580 90,367 70,047 119,757 82,556 61,253 137,100 141,653 237,187 130,489 121,113
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Global Bond Exchange
 - - 51,068 - - - 100,053 1,645 - - 39,010 54,709 53,879 57,978 50,072 - - - - -
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Assumed Liabilities
 6,100 4,694 7,936 2,842 15 16 12 16 5 8 - - - - - - - - - -
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DBP 3,094 1,974 3,719 1,242 4 4 4 4 2 - - - - - - - - - - -
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PNB 587 376 1,002 397 - - - - - - - - - - - - - - - -
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PAL 146 142 486 6 - - - - - - - - - - - - - - - -
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NASUREFCO - - 1 - - - - - - - - - - - - - - - - -
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NPC-PNPP 1,988 1,970 1,761 1,045 - - - - - - - - - - - - - - - -
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NDC 142 93 642 37 11 12 8 12 3 8 - - - - - - - - - -
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NIDC 23 22 21 - - - - - - - - - - - - - - - - -
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PGC/TIDCORP 120 117 303 115 - - - - - - - - - - - - - - - -
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PHILSUCOM - - 1 - - - - - - - - - - - - - - - - -
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TOTAL DEBT SERVICE
 451,796 657,394 839,992 610,140 564,019 779,303 939,222 930,569 599,242 698,522 755,547 797,259 789,965 680,467 725,589 842,449 962,466 1,204,069 1,293,181 1,603,611
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Note:
* Version 2 follows the GFSM 2014 concept wherein reporting of debt amortization reflect the actual principal repayments to creditor including those serviced by the BSF; while financing includes gross proceeds of liability management transactions such as bond exchange.
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