National debt drops to P17.46 trillion in September

The Philippine national government's total outstanding debt decreased to P17.46 trillion by the end of September 2025, marking the second consecutive month of decline.

This reduction was primarily due to fiscal discipline and strategic liability management, with domestic borrowings falling by P114.13 billion to P11.97 trillion.

However, foreign debt increased by P101.04 billion to P5.48 trillion, largely attributed to the weakening of the peso against the US dollar.

Domestic borrowings continue to constitute the majority of the total debt at 68.6%, aligning with the government's policy to reduce foreign exchange risk.