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Philippines debt overshoots forecast, hits P17.6 trillion
The National Government's outstanding debt reached a record P17.56 trillion by the end of July, surpassing its full-year forecast for 2025.
This represents an 11.9% increase compared to the P15.69 trillion recorded in July of the previous year.
The current debt level is already 1.15% higher than the projected P17.36 trillion for the entirety of 2025.
However, the Bureau of the Treasury anticipates the debt stock will decrease by the year's end due to the repayment of P814.2 billion in domestic bonds and a slowdown in fundraising activities.
On a monthly basis, the NG's debt saw a slight increase of 1.7% from P17.27 trillion in June.
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