Despite the nearly two percent hike in foreign borrowings, the national government’s outstanding debt fell to ₱17.455 trillion in September, though officials warned that further reductions will depend heavily on the peso’s strength against the United States (US) dollar. National Treasurer...
Reversing its record high of ₱17.56 trillion in July, the national government’s outstanding debt shrank to ₱17.47 trillion in August, due to settlement of over half a trillion pesos in local bonds and stronger peso. Given this development, Finance Secretary Ralph G. Recto and National...
The national government’s outstanding debt breached the ₱17-trillion mark in June, reaching a fresh record high of ₱17.27 trillion. According to the latest data reported by the Bureau of the Treasury (BTr), the total debt stock bloated by 2.1 percent or ₱350 billion from the end-May figure....
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 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 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...
Peso depreciation against the US dollar, alongside net financing activities, further pushed the national government’s debt, which had recently breached the P16-trillion mark. Data from the Bureau of the Treasury (BTr), revealed that the government’s total outstanding debt stood at...
The national government debt breached the P16-trillion mark due to peso depreciation against the US dollar, the Bureau of the Treasury reported. The government's total outstanding debt stood at P16.02 trillion as of end-October 2024, a 0.8 percent or P126.95 billion increase from the end-September...
The Marcos administration borrowed more from local and foreign sources in the first 10 months of the year to bridge the government's budget deficit. Data from the Bureau of the Treasury showed that the national government's gross financing rose by 23 percent from January to October 2024 to P2.429...
By DERCO ROSAL The government’s debt stock is nearing the P16 trillion threshold, driven by continued borrowing from both domestic and foreign creditors. Data from the Bureau of the Treasury showed that the national government’s total outstanding debt reached P15.89 trillion at end-September,...
The Philippines is the World Bank's fifth-biggest borrower for the second-straight year, coinciding with the first two years in office of President Ferdinand R. Marcos Jr. The World Bank's latest Annual Report disclosed on Oct. 18 showed that in fiscal year 2024 covering the period July 1, 2023 to...
