President Marcos has defended the government’s growing debt levels, saying loans are being used to invest in Filipinos and not merely to cover gaps in the national budget. Marcos said this after the country’s debt ballooned to P17.2 trillion as of July 2025. In the third episode of his podcast...
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...
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 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...
Senate Minority Leader Aquilino “Koko” Pimentel III has raised alarm over the rapid escalation of the country’s national debt. Senate Minority Leader Aquilino "Koko" Pimentel III (Senate PRIB Photo) The national debt is on track to reach an unprecedented P15.8 trillion by the end of...
House Ways and Means Committee chairman and Albay 2nd district Rep. Joey Salceda refuted on Monday, June 6 the claim made by the Department of Finance (DOF) that had Congress proposals pertaining to Covid-19 stimulus and subsidies been enacted, national debt would have climbed up to P15.4 trillion....
While the record P12.68-trillion national debt is manageable and vital for the country's continued growth, Presidential Adviser for Entrepreneurship Jose 'Joey' Concepcion III said the public must still focus on the ongoing threat of Covid-19 slowing down economic activity. Presidential Adviser for...
Senate Minority Leader Franklin Drilon has urged state economic managers to reconsider allocating huge funds for the security sector for next year amid the “skyrocketing” national debt and a growing budget deficit. Drilon said he is dismayed at the negative growth in the social services sector...
