While the share of the Philippine government's budget deficit and debt to the economy are going down and "stabilizing," respectively, the ASEAN+3 Macroeconomic Research Office (AMRO) is urging fiscal authorities across the region to remain prudent in spending on public goods and services as a...
Former DA secretary Manny Piñol (left), former president Rodrigo Duterte (Facebook) A House "Young Guns" bloc member reminded Manny Piñol of his supposed shortcomings--and by extension, that of the previous Duterte...
The Marcos administration’s debt payments declined by over 80 percent in February as it suspended its multi-billion-peso principal payments to domestic creditors, offsetting the relatively negligible increase in interest payments. Data from the Bureau of the Treasury (BTr) showed that the...
The national government's debt soared to a new record high of ₱16.63 trillion at the end of the first two months of 2025, putting pressure on its capability to repay obligations. The latest Bureau of the Treasury (BTr) data released on Tuesday, April 1, showed that outstanding obligations as...
FOR MONDAY The Marcos administration's debt payments dropped in the first months of the year, primarily attributed to a substantial decline in principal payments, which offset the rise in interest expenses. Data from the Bureau of the Treasury (BTr) revealed that the Philippine government's total...
Double-digit increases in both principal and interest payments drove the Philippines’ external debt service burden up by $2.31 billion in 2024, reaching $17.16 billion. According to the Bangko Sentral ng Pilipinas (BSP), it reflects a nearly 16 percent increase from $14.85 billion in the...
The Philippines' foreign debt climbed by almost a tenth year-on-year to $137.63 billion as of end-2024, as both the government and private firms borrowed more from foreign sources for their productive activities, the Bangko Sentral ng Pilipinas (BSP) reported. In a statement on Friday, March...
Amid record-high borrowings, the Marcos administration increased debt payments by over ₱400 billion in 2024, bringing total settlements to a record high, too, driven largely by higher amortization. Data from the Bureau of the Treasury (BTr) showed that the government’s debt payments climbed by...
The Philippine government’s total debt reached a record high of ₱16.31 trillion after the government borrowed an additional ₱261.5 billion in January. “This level remains manageable,” the Bureau of the Treasury (BTr) said in a March 4 statement, despite reporting a 1.6 percent increase in...
Expectations that the Philippines' debt as a share to economic output would stay elevated in the coming years were flagged by debt watcher Moody's Ratings over the weekend, highlighting concerns on affordability when repaying obligations. "Debt to GDP [gross domestic product] will remain higher...
Despite government assurances of sound financial management, the Philippines' debt burden relative to the size of its economy increased last year due to weaker-than-expected economic growth. The Bureau of the Treasury (BTr) reported on Tuesday, Feb. 4, that the government’s total outstanding debt...
AGUILAR, Pangasinan – A 72-year-old widow was allegedly stabbed to death during a heated argument with a man over a P13,000 debt in Barangay Panacol here on Wednesday night, Jan. 15. Police identified the victim as Lydia Melendez Soriano. Investigation said a witness, Agnes de Guzman,...
