Philippines debt to decrease by end of 2025 despite P17.56 trillion total

The Philippines' outstanding debt, amounting to P17.56 trillion as of July 2025, is projected to decrease by the end of 2025, according to the Bureau of the Treasury (BTr).

The BTr plans to settle P814.2 billion in domestic bonds by December 2025 as fundraising activities conclude.

Government borrowings are allocated to vital projects in education, healthcare, agriculture, and social services, aligning with the Marcos Jr. administration's priorities.

To minimize foreign exchange risk, the government prioritized domestic borrowings, resulting in a financing mix of 76% domestic and 24% external by the end of July.

The domestic portion of the debt stock increased to 68.9% in July 2025 from 68.1% at the end of 2024.

The administration is committed to sound debt management, utilizing investor confidence in peso-denominated securities while securing favorable borrowing costs to support fiscal sustainability and economic growth.