The bulk or 80.8% of debt payments in June consisted of interest payments, while the rest were amortization payments. Of the total, P19.09 billion went to interest payments for retail Treasury bonds, P15.16 billion for fixed-rate Treasury bonds, and P4.32 billion for Treasury bills. This consisted of P242.16 billion in fixed-rate Treasury bonds, P87.5 billion in retail Treasury bonds, P25.15 billion in Treasury bills, and P5.9 billion in interest payments for other domestic borrowings. Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said the higher debt service bill reflects maturing debt and the wider budget deficit. “For the coming months, debt servicing bill would be a function of maturing debt, such as the P100-billion maturing Treasury bonds and retail Treasury bonds in September,” he said.