THE PHILIPPINES’ outstanding debt climbed to a record P17.708 trillion at the end of 2025, exceeding the government’s projection amid increased issuances and a weaker peso.
The National Government’s (NG) end-2025 outstanding debt rose by 10.32% from the P16.05 trillion recorded in the previous year, according to data released by the Bureau of the Treasury (BTr) on Tuesday.
This was also 2% higher than the P17.36-trillion projected year-end level.
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