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., This news data comes from:http://www.771bg.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.
- UN watchdog finds uranium traces at suspected Syrian former nuclear site
- Former PNP chief Torre III offered new government post
- SSS pension reform program starts in September
- Social pension eyed for indigent seniors
- Oil firms to raise fuel prices this week
- Hawaii's Kilauea volcano erupts with lava pouring out from multiple vents
- DILG suspends classes, gov’t work in 17 areas
- 500 Internal Server Error
- Metro Manila, rest of Luzon would be rainy due to ‘habagat’ —Pagasa
- Private groups back DHSUD chief's anti-corruption policy
