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.
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., This news data comes from:http://771bg.com
Of the total debt stock, 24 percent was borrowed abroad while 76 percent was sourced domestically.
- Thai court to rule on PM's fate after Hun Sen call leak
- Zelenskyy meets European leaders on Ukraine security guarantees
- Epstein victims compiling list of sexual abusers
- Lone bettor wins P86M in 6/42 lotto draw for Sept 6
- Sotto willing to testify in Senate probe of flood control anomalies if summoned
- Former president Duterte's health stable despite high blood sugar, says VP Sara
- Wawao Builders exec ‘not sure’ if company has flood control project in Bulacan
- Venezuela builds up border security over US warships
- New law lets foreigner investors lease land for 99 years
- Filipino member of AHOP K-pop group says Manila concert a dream come true
