The Philippines’ outstanding debt has reached a record-high ₱17.27 trillion, according to the Bureau of the Treasury (BTr).
The BTr attributed the surge in debt as of June to increased local borrowing aimed at addressing the country’s “fiscal shortfall,” where government expenditures exceed revenues.
Since the start of 2025, the country’s debt has grown by 7.6% or ₱1.2 trillion, averaging a monthly increase of 2.1%.
Based on current figures, each Filipino would need to shoulder approximately ₱153,000 to fully settle the national debt.