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,...
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 Philippines' public debt as a share to gross domestic product (GDP) rose in the third quarter alongside slower economic growth, even as private-sector debts continued to fall before the onset of downward interest rates. The latest Global Debt Monitor of the Washington-based Institute of...
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...
The country’s external debt service burden dipped 3.8 percent to $8.68 billion as of end-August compared to $9.023 billion in the same period last year, based on Bangko Sentral ng Pilipinas (BSP) data. During the period, external debt service principal payments totaled $3.461 billion, lower by...
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...
Government debt decreased by P139.8 billion at the end of August, primarily due to recent appreciation of the peso and net repayments of foreign debt. As of August 2024, the national government's total outstanding debt stood at P15.55 trillion, reflecting a 0.9-percent decline from the end of July....
