Malacañang clarified that the over P4 trillion borrowed under the Marcos administration was spent on essential public services and development programs, not wasted on frivolous spending. Communications Undersecretary Claire Castro said this as critics raised concerns about the ballooning...
The national government’s outstanding debt reached ₱16.92 trillion in May, setting a new record high as it neared the ₱17-trillion mark, from ₱16.75 trillion at end-April. According to the latest data reported by the Bureau of the Treasury (BTr), the one-percent, or ₱166.2-billion,...
The Philippines has a "low" sovereign debt risk despite its ballooning obligations, but think tank Capital Economics cautioned that emerging markets (EMs) with better managed public finances should not rest on their laurels amid lingering fiscal strains. In a June 12 report authored by Capital...
Despite a sharp increase in the national government’s debt payments in April, over half a trillion pesos was trimmed from total payments in the first four months of the year, leading to a 45.7 percent decline by end-April. Data from the Bureau of the Treasury (BTr) showed that the Marcos...
The Department of Finance (DOF) said the Marcos administration has been prudently managing the Philippines’ swollen debt stock, which was bloated by the ₱6.84 trillion added by the Duterte regime during the Covid-19 pandemic. In a statement released on Thursday, June 5, the DOF said the...
The Marcos Jr. administration 's chief economic manager has allayed concerns about the rising public debt level, claiming that the national government maintains prudent fiscal management. Asked on Tuesday, June 3, if there 's anything to worry about regarding debt accumulation, especially...
The total outstanding debt of the government reached a new record high of ₱16.75 trillion in April, an increase of ₱68.7 billion, or 0.4 percent, from the previous month, driven by higher domestic borrowings amid strong demand for government securities. Latest data from the Bureau of the...
The Philippines ' annual economic growth is expected by the World Bank Group (WBG) to remain below six percent this year until 2031. Its newest country partnership framework (CPF) for the Philippines, covering fiscal years (FYs) 2026 to 2031, showed that the WBG forecasts Philippine gross...
ZAMBOANGA CITY – A man was stabbed to death in Barangay Tumaga here last Sunday over a P50 debt he was unable to pay. The victim, Randy Adanza Nuhasan, 40, was at home when the suspect, Arnel Momo Baguio, 42, arrived and demanded that he pay his obligation. The conversation escalated into a...
The Philippines’ external debt service burden declined by 34.8 percent to $1.59 billion as of end-February 2025 from $2.44 billion in the same period in 2024, data from the central bank showed. The latest data from the Bangko Sentral ng Pilipinas (BSP) showed that the decline in the country’s...
The Marcos administration has successfully borrowed ₱25 billion from domestic lenders through short-dated debt papers, with creditor appetite remaining relatively high despite the drop in interest rates following the peaceful results of the midterm elections. At Tuesday’s auction on May 13, the...
The Marcos administration’s total debt payments declined by 65.3 percent in the first quarter of 2025, as it settled significantly smaller amounts of principal payments to domestic lenders, offsetting the relatively negligible increase in interest payments. Data from the Bureau of the Treasury...
