Government debt stock rose anew in October this year due to new loans and weakening peso, data from the Bureau of the Treasury revealed. As of October 2022, the national government’s outstanding debt stood at P13.641 trillion, up 14 percent compared with P11.971 trillion in the same period last...
The Department of Finance (DOF) remained confident that the national government’s debt ratio would decline during the Marcos administration despite its recent uptick in the third-quarter. Finance Secretary Benjamin E. Diokno said the government’s ability to pay its debts continues to improve...
After financial analytics firm S&P Global maintained the Philippines’ long-term foreign currency-rating at BBB+, House Ways and Means Chairman and Albay 2nd district Rep. Joey Salceda credited the Marcos administration for successful economic recovery. Albay 2nd district Rep. Joey Salceda On...
The country's debt ratio climbed to a 17-year high in the third-quarter this year as new government loans continued to pile up, data from the Bureau of the Treasury revealed. As of September 2022, the outstanding obligations of the national government as a share of gross domestic product (GDP) hit...
Senator Risa Hontiveros on Friday, November 11, called on President Ferdinand “Bongbong” Marcos Jr. not to imitate the Duterte administration’s “over-borrowing” tendencies, saying the government should be wise in handling the public funds. “Wag sanang tularan ni President Marcos si...
Marikina City 2nd district congresswoman and appropriations panel senior vice chairperson Stella Quimbo doesn't sound worried at all about the country's debt servicing chores. Marikina City 2nd district Rep. Stella Quimbo (Ellson Quismorio/ MANILA BULLETIN) This, even as the Philippines has...
The Department of Finance (DOF) assured the Senate that the national debt remains within manageable levels, allaying fears of the country defaulting on loans amid a slightly elevated debt-to-gross domestic product (GDP) ratio. Finance Secretary Benjamin E. Diokno issued the statement in response to...
Debt payments down 41% in H1 Debt payments by the national government went down by 41 percent in the first semester of the year due to lower amortization, data from the Bureau of the Treasury showed. The national government's debt servicing reached P458.35 billion in January to June this year,...
FINDING ANSWERS Former Senator Atty. Joey Lina Last Friday’s revelation by the Bureau of Treasury that the national government’s debt as of June 30 stood at ₱12.79 trillion might seem distressing for many people. Others might even describe as staggering the total amount of public debt which...
Former President Duterte borrowed P6.843 trillion in total during his six years in Malacañang, driven mainly by his administration’s borrowing spree at the height of the pandemic, data from the Bureau of the Treasury showed. From a government debt of P5.948 trillion when former President Duterte...
Despite the multi-trillion peso borrowings amid the prolonged-pandemic, the Philippine government’s risk of falling into a debt crisis remains low, the ASEAN+3 Macroeconomic Research Office (AMRO) said. According to the regional think tank, the likelihood of the government falling into debt...
The World Bank said the Philippine government’s debt load remains manageable despite recent acceleration amid the prolonged pandemic. Even it has ballooned, Kevin Chua, World Bank senior economist noted that the government’s debts are mostly held by Filipino creditors, long-dated IOUs and...
