PH debt hits P17.27 trillion in June

The Philippine government's total outstanding debt reached P17.267 trillion as of June 2025, an increase from P16.918 trillion in May.

This represents an increase of P1.78 trillion or 11.5 percent compared to June 2024, and P1.2 trillion or 7.6 percent from the start of the year.

Domestic borrowings accounted for P11.95 trillion, representing 69.2 percent of the total debt.

External debt stood at P4.91 trillion, making up 30.8 percent of the total debt.

The Bureau of the Treasury stated that the domestic borrowing strategy aims to strengthen the local capital market, reduce foreign exchange risks, and build investor confidence.

While some economists have expressed concern over rising debt, economic managers believe it is not a worry as long as the economy grows faster and the debt-to-GDP ratio remains manageable.

The country's debt-to-GDP ratio rose to 62 percent in March 2025, which is below the international threshold of 70 percent.