Domestic principal payments continued to dominate the national government’s (NG) debt settlements through the first five months of 2026, raising total debt servicing by more than three-fifths to ₱1.15 trillion. The latest Bureau of the Treasury (BTr) data showed that the NG’s total debt...
The national government’s outstanding debt climbed to a fresh record of ₱18.55 trillion in the first five months of the year, driven by the aggressive domestic borrowing campaign that outpaced repayments and tested the country’s fiscal limits amid global market volatility. According to the...
After the borrowing overshoot in the first quarter, the Marcos administration continued stepping on the brakes in the months that followed until May, bringing gross debt to ₱1.24 trillion in the first five months of 2026, lower than the ₱1.33 trillion recorded in the same period last year....
The Philippines’ outstanding external debt fell to a one-year low at the end of March as international lenders pulled back amid tighter global financing conditions and shifting investor sentiment. Data from the Bangko Sentral ng Pilipinas (BSP) showed that total foreign obligations decreased by...
The Washington-based International Monetary Fund (IMF) said it stands ready to deploy support to the Philippines should it request assistance during the ongoing Middle East war, assuring close engagement with local authorities through surveillance and policy advice. This remained the IMF’s...
The World Bank Group (WBG) has lowered its 2026 growth forecast for the Philippines to 3.7 percent, warning that the ongoing war in the Middle East is weighing heavily on energy-importing economies and threatening to push global growth to its weakest pace since the onset of the Covid-19 pandemic....
Elevated borrowing costs, fueled by expectations of further monetary tightening this month, prevented the Marcos administration from raising its full target amount at the latest Treasury bill (T-bill) auction. During the auction on Monday, June 8, the Bureau of the Treasury (BTr) raised ₱56...
The national government’s debt-servicing costs surged past the ₱1-trillion threshold in the first four months of the year, driven by the dramatic increase in domestic principal repayments that outweighed the sharp reduction in external obligations. Data from the Bureau of the Treasury (BTr)...
Higher debt repayments outweighed fresh borrowings in the first four months of 2026, pulling down the national government’s (NG) debt stock to ₱18.47 trillion, even as a weaker peso increased the peso value of foreign-currency obligations. According to the latest Bureau of the Treasury (BTr)...
The government fully awarded its ₱40 billion offering of Treasury bills on Monday, as investors demanded higher yields amid mounting domestic inflation concerns and weakening currency. The Bureau of the Treasury raised the entire ₱40 billion on offer at its June 1 auction, staging a full...
After the borrowing overshoot in the first quarter, the Marcos administration stepped on the brakes in April, bringing gross debt to ₱1.13 trillion in the first four months of the year, modestly lower than the ₱1.14 trillion recorded in the same period last year. While the government...
The Philippines’ debt as a share of economic output is expected to remain elevated above 60 percent of gross domestic product (GDP) this year as the government ramps up borrowings to support its response to the national energy emergency amid the prolonged war in the Middle East. Based on the...
