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.
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.jyxingfa.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.”
Govt debt swells to record P17.58T
“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.
- Marcos orders lifestyle check on all govt officials amid flood projects probe
- Peace efforts in limbo as Kyiv mourns 23 dead
- ‘God’s Influencer’ to become first millennial saint
- Duterte defense files more motions challenging ICC prosecutor
- IBP to form good governance panel
- La Niña forecast from Sept-Dec, expect more tropical cyclones, above normal rainfall -- Pagasa
- LPA may still develop into short-lived tropical cyclone
- Marcos leads oath taking of new officers of League of Provinces of the Philippines
- MMDA proposes rainwater facilities in Camp Aguinaldo to mitigate EDSA flooding
- Appointments panel holds first session
