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.
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., This news data comes from:http://771bg.com
- President Marcos to attend 80th UN General Assembly in New York
- Marcos lauds Filipinos for role in nation building on National Heroes Day
- Mexican senators come to blows after heated debate
- Epstein victims compiling list of sexual abusers
- Marcos embarks on three-day state visit to Cambodia
- P1.7-M shabu seized in Taguig buy-bust
- NATIONAL ARTIST'S HOMETOWN
- Australia government condemns anti-immigration rally in Sydney
- Search for survivors after Afghan earthquake kills 800
- Maryland resident is diagnosed with New World screwworm. What to know about the parasite
