September 5, 2025 | 12:00am
MANILA, Philippines — The nation’s excellent debt breached the whole full-year debt expectation for this 12 months by over P200 billion, amid help for key infrastructure and growth initiatives.
Based mostly on the most recent information from the Bureau of the Treasury (BTr), the nationwide authorities’s excellent debt barely inched up by 1.7 % to a report excessive of P17.56 trillion as of end-July from P17.27 trillion as of end-June.
Whereas the rise in opposition to the whole debt expectation is only one.21 %, it’s equal to P210 billion and is above the full-year assumption of P17.35 trillion.
The stated quantity can be 11.9 % increased than the P15.69 trillion recorded in the identical interval final 12 months.
“The nationwide authorities’s excellent debt of P17.56 trillion as of end-July 2025 is anticipated to say no towards the year-end because the Treasury pays off P814.2 billion price of home bonds by December 2025 and fundraising actions wind down,” the Treasury stated.
In a bid to cut back publicity to international trade dangers, the federal government leaned on home borrowings to additional develop the native capital market.
The debt inventory was primarily funded by home borrowings at 76 %, whereas exterior borrowings accounted for twenty-four % for the seven-month interval this 12 months.
BTr information confirmed that the whole home debt degree reached P12.11 trillion, barely up by 1.3 % from P11.95 trillion in June.
In the meantime, complete exterior debt for July elevated by 2.6 % to P5.5 trillion from P5.32 trillion the earlier month.
“The nationwide authorities’s borrowings are used to help key infrastructure and growth initiatives in training, well being care, agriculture and social companies, amongst different priorities,” the Treasury stated.
Exterior debt securities widened by 2.7 % to P2.79 trillion in comparison with a month in the past, whereas home debt securities rose by 1.3 % to almost P12.1 trillion month-on-month.
The Treasury careworn that it’s following the medium-term fiscal program to remain aligned with its objectives, highlighting its dedication to fiscal self-discipline and long-term debt sustainability.
In keeping with the Funds of Expenditures and Sources of Financing for fiscal 12 months 2026, the nationwide debt is anticipated to rise by 9.8 % to P19.06 trillion from P17.35 trillion this 12 months.
