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.
Govt debt swells to record P17.58T
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.”
“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://erlvyiwan.com
- Sotto willing to testify in Senate probe of flood control anomalies if summoned
- GoTyme gives customers 20 free InstaPay transfers per month
- Alex Eala targets US Open Round of 32 in rematch against Spanish rival
- China races to build world’s largest solar farm
- Anti-fake news bill filed anew in House
- 17 House lawmakers press Marcos administration to raise WPS issue to UN
- Kris Aquino is alive, says friend amid reports of death
- OVP ready to submit to lifestyle check if ordered, no word from Sara
- Pope Leo: We must listen first before speaking
- Hontiveros pushes P15,000 salary hike for teachers
