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://jyxingfa.com
- 13 massage therapists robbed, 2 cry rape
- Pagasa: Trough of LPA, 'habagat' will bring rain, thunderstorms across PH
- COA probes Iqbal on spending of P1.7B in one day
- Trump stamps 'dictator chic' on Washington
- China's Communist rulers push party role before World War II anniversary
- Taiwan: China illegally deploying oil rigs in its waters
- Police general suspended for ‘obstruction’ of evidence in case of missing sabungeros
- LPA trough, 'habagat' to bring rains in parts of Luzon, including Metro Manila
- MMDA asks LTO to sanction motorist in altercation with traffic enforcer in San Juan
- Heavy rain causes flooding, landslides and 8 deaths in Vietnam and Thailand
