Manila, Philippines — The total outstanding debt of the national government of the Philippines peaked to P16.63 trillion by the end of February 2025, the Bureau of the Treasury (BTr) reported.
In a press release, BTr noted a 1.96% increase in the February debt of the Philippines from the January record.
This is equivalent to P319.36 billion rise in the total outstanding debt of the Philippines.
BTr attributed this increase to the net issuance of new domestic and external debts of the Philippines which were allotted to support more public programs and projects.
Despite this slight increase, BTr said that this amount of debt remains manageable for the country, which was offset by the appreciation of peso against dollar in February.
In the total outstanding debt of the Philippines in February, 67.5% are domestic or local borrowings which is equivalent to P11.22 trillion.
From the tally in January, there has been a 1.26% increase in the local borrowings due to net domestic financing.
32.5% of the total debt are the external or foreign debts, which amounts to P5.41 trillion.
Similar to the increase in the local debt, foreign borrowings of the Philippines in February rose by 3.44% due to net availment and net appreciation.