Philippine government outstanding debt rises above P19 trillion as the state continues to rely on borrowing to cover the budget deficit. Data released by the Bureau of the Treasury show national debt increases by 2.8% in June from the previous month, reaching a record P19.07 trillion. The year-on-year growth rate is reported at 10.4%. The debt stock is also described as having expanded by nearly P1.4 trillion, or 7.7%, since the start of the year. One report notes the debt level surpasses a Marcos administration year-end forecast by about six months, indicating faster-than-expected accumulation. The Treasury attributes the increase to the government’s ongoing fiscal requirements, with borrowing remaining a key source of funding. The reports present the June figure as the latest peak in the government’s debt stock, with both month-to-month and year-on-year metrics pointing to continued acceleration in debt levels.
Philippine government debt stock exceeds P19 trillion in June
Philippine government outstanding debt rises above P19 trillion as the state continues to rely on borrowing to cover the budget deficit. Data released by the Bureau of the Treasury show national debt...
- The Bureau of the Treasury reports Philippine national debt reaches P19.07 trillion in June.
- National debt rises 2.8% month-on-month from the previous month.
- The year-on-year increase in debt is 10.4%.
- Debt has grown by nearly P1.4 trillion, or 7.7%, since the start of the year.
- The increase is linked to continued reliance on borrowing to finance the budget deficit.
MANILA, Phiippines — The Philippine government’s outstanding debt climbed past the P19-trillion mark in June, exceeding the Marcos administration’s year-end forecast six months ahead of time as the state continued to rely on borrowing to finance its budget deficit. Data from the Bureau of the Treasury on Thursday showed the national debt rose 2.8 percent […]...Keep on reading: PH government debt stock tops P19 trillion
3 hours agoMANILA, Philippines — The Philippine government’s outstanding debt surpassed the P19-trillion mark in June, showing its continued reliance on borrowing to finance the budget deficit. Data released by the Bureau of the Treasury on Thursday showed national debt rose 2.8 percent from the previous month to a record P19.07 trillion, bringing the year-on-year increase to 10.4 percent. READ: PH debt hits new peak at P18.55T Outstanding debt has expanded by nearly P1.4 trillion, or 7.7 percent, since the start of the year. READ: Gov’t debt payments up 12% in April The Treasury said the increase reflected the government’s ongoing fiscal […]...Keep on reading: PH gov’t debt tops P19T as borrowing accelerates
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