Domestic debt made up 68.66 percent of the total, while external obligations accounted for 31.34 percent, the agency said. Domestic debt rose to PHP 12.12 trillion at the end of November 2025, up PHP 71.73 billion or 0.60 percent from PHP 12.05 trillion in October. From the start of 2025, domestic debt climbed 10.86 percent or PHP 1.19 trillion, with PHP 1.18 trillion coming from new debt issued to meet financing requirements. External debt edged up to PHP 5.53 trillion, an increase of 0.26 percent or PHP 14.11 billion from PHP 5.52 trillion in October. National Government guaranteed obligations rose 3.38 percent or PHP 11.63 billion to PHP 356.04 billion at the end of November 2025 from PHP 344.41 billion a month earlier.

Source: The Guardian January 11, 2026 16:25 UTC