MANILA, Philippines — Higher local borrowings pushed the national government’s outstanding debt beyond this year’s projection, reaching P17.58 trillion, but it is also expected to ease by yearend with the scheduled repayment of some domestic bonds.
Data from the Bureau of the Treasury (BTr) showed that the figure breached the P17.359-trillion debt ceiling projected for 2025.
The latest tally was P296.19 billion higher than June’s P17.27 trillion and P1.87 trillion above the year-earlier at P15.69 trillion. It also exceeded the P16.05 trillion recorded at the end of 2024 by P1.251 trillion.
While the debt stock has repeatedly set new highs, the Treasury said it expected a decline toward yearend as it planned to “pay off P814.2 billion worth of domestic bonds by December 2025 and fundraising activities wind down.”
Govt debt swells to record P17.58T
“The Marcos, Jr. administration remains steadfast in its commitment to prudent debt management by leveraging strong investor confidence in peso-denominated securities while ensuring that borrowings are at the lowest possible cost and support fiscal sustainability, inclusive growth, and a stronger Philippine economy,” the Treasury added.
Of the total debt stock, 24 percent was borrowed abroad while 76 percent was sourced domestically., This news data comes from:http://viwb-st-ky-gda.gyglfs.com
Govt debt swells to record P17.58T
- Filipino member of AHOF K-pop group says Manila concert a dream come true
- Philippines calls for Gaza ceasefire amid humanitarian crisis
- Evicted from their forests, Kenyan hunter-gatherers fight for their rights
- Five journalists among 20 killed in Israeli strikes on Gaza hospital
- Manila marks National Heroes Day with job fair
- DOJ indicts Abra Mining for fraudulent trading
- Red Cross head says mass evacuation of Gaza City 'impossible'
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
- Marcos approves EO for commission to probe flood project anomalies
- North Korea test-fires two 'new' air defense missiles
