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.
Govt debt swells to record P17.58T
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.
Govt debt swells to record P17.58T, This news data comes from:http://www.gangzhifhm.com
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.”
“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.
- Appointments panel holds first session
- Read to reduce sentence, Uzbekistan tells prisoners
- SpaceX cancels Starship megarocket launch
- Isko Moreno files charges against contractor over illegal demolition of sports complex in Manila
- A summit and parade in China may signal a geopolitical shift
- NKorea's Kim tells Xi hopes to 'steadily develop' ties – KCNA
- PH, Japan conduct search and rescue exercises
- Discaya’s construction companies competed against each other during biddings
- Inflation up 1.5% in August
- Make a difference, write your own future, youth urged
