Data from the Ministry of Finance (BTR) showed that as of the end of July, the National Government (NG)’s outstanding debt exploded a record P175.6 trillion at the end of July, violating its full-year forecast for 2025.
BTR’s latest data shows that outstanding debt soared from P15.69 trillion in July 2024.
That is already 1.15% higher than the estimated P17.336 billion miles of debt at the end of 2025.
Despite exceeding the 2025 forecast, the Treasury Department said debt stocks are expected to ease by the end of the year as the government paid Phillipine Pesos of 814.2 billion in domestic bonds by December and “reduced fundraising activity.”
BTR said monthly, NG debt is up 1.7% from June’s P17.27 trillion P17.27 trillion, BTR said.
NG debt is the total amount the Philippine government owes creditors such as international financial institutions, development partners, banks, global bondholders and other investors. – Aubrey Rose A. Inosante
