Government borrowings surge 75% in NovemberBased on the national government’s financing from the Treasury, the country’s gross borrowings increased to P113.53 billion in November 2025 from P65.04 billion in the same period a year earlier. MANILA, Philippines — The national government’s borrowings surged by 75 percent year-on-year in November 2025, with data from the Bureau of the Treasury (BTr) showing a higher domestic debt than foreign exchange-dependent credit. Based on the national government’s financing from the Treasury, the country’s gross borrowings increased to P113.53 billion in November 2025 from P65.04 billion in the same period a year earlier. For the 11-month period in 2025, the government’s domestic gross borrowings expanded by 10.4 percent to P2.11 trillion from the P1.91 trillion recorded during the same time frame a year ago. Meanwhile, external borrowings declined by 16.7 percent to P484.9 billion from P582.4 billion in the same period in 2024.

Source: Philippine Star January 01, 2026 16:04 UTC