Govt foreign borrowings drop 71% to $1.1B in Q3 2025

The Philippine government's foreign borrowings significantly decreased by 71.13% in the third quarter of 2025, amounting to $1.10 billion.

This figure is substantially lower compared to the $3.81 billion approved in the same quarter of the previous year.

The approved foreign borrowings during this period are intended for medium- to long-term maturities, primarily to finance social protection projects.

Cumulatively, public sector foreign borrowings for the first three quarters of 2025 reached $12.28 billion.

The Bangko Sentral ng Pilipinas (BSP) Monetary Board requires prior approval for all foreign borrowing proposals by national government entities, aligning with the BSP's mandate to maintain manageable foreign debt for the country.