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., This news data comes from:http://www.aichuwei.com
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.
Govt debt swells to record P17.58T
Of the total debt stock, 24 percent was borrowed abroad while 76 percent was sourced domestically.
Govt debt swells to record P17.58T
- Social pension eyed for indigent seniors
- Canada removing tariffs on US goods compliant with free trade deal
- NKorea's Kim tells Xi hopes to 'steadily develop' ties – KCNA
- Hontiveros urges probe on Chinese faking Filipino identity
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
- Taiwan: China illegally deploying oil rigs in its waters
- Japan prince comes of age as succession crisis looms
- Motorist in San Juan traffic spat faces sanction
- Chery Tiggo survives Creamline in cardiac five-setter in PVL Invitationals
- Pagasa: Rainy Monday over Visayas, Luzon areas due to LPA, 'habagat'
