Philippine Government Debt Rises to P15.89 Trillion in September

The Philippine government’s debt rose to P15.89 trillion at the end of September, a 2.2% increase from the previous month, according to the Bureau of the Treasury (BTr). This increase, amounting to an additional P343.11 billion, was primarily due to new borrowing from both external and domestic sources.

Compared to September 2023, the national debt has grown by 11.4%, adding P1.3 trillion to the government’s obligations. Of the total debt, 68.81% is domestically sourced.