Philippines’ Outstanding Debt Swells to P18.49 Trillion in March - BusinessWorld Online

Philippines’ outstanding debt swells to P18.49 trillion in March - BusinessWorld Online

By Justine Irish D. Tabile, Senior Reporter THE National Government’s (NG) outstanding debt rose to a fresh record high of P18.49 trillion as of end-March, driven partly by the peso’s depreciation, the Bureau of the Treasury said. Latest data from the Treasury showed that the debt went up by 1.81% from P18.16 trillion at the end of February. Year on year, outstanding debt went up by 10.81% from P16.68 trillion at end-March 2025. NG debt is the t…

Philippine gov’t debt hit record-high P18.49T in March

MANILA, Philippines — The Philippine government’s outstanding debt swelled to a new peak of P18.49 trillion in March, as the peso continued to weaken and domestic borrowings rise, the Bureau of the Treasury (BTr) reported on Wednesday. READ: Government debt hits record-high P18.16 trillion The latest figure is nearly 2 percent higher than the P18.16 trillion recorded

Gov't debt surges to record ₱18.5 trillion on peso slump

The government’s outstanding debt surged to a fresh record high of ₱18.49 trillion at the end of March as weakening peso inflated the cost of foreign obligations and local borrowing continued, according to the Bureau of the Treasury data.The debt stock increased by ₱328.4 billion, or 1.8 percent, from the ₱18.16 trillion recorded at the end of February, the Treasury said in a statement released on Wednesday, May 6. Domestic obligations, which ac…