Philippines debt pile swells to record P18.13 trillionLatest data from the Bureau of the Treasury (BTr) showed the national debt was 11.2 percent higher than the P16.31 trillion recorded in end-January 2025. In JanuaryMANILA, Philippines — The Philippines’ outstanding debt swelled to a record P18.13 trillion at the end of January, as authorities accelerated debt issuance ahead of global market volatility that threatens to drive borrowing costs higher. Latest data from the Bureau of the Treasury (BTr) showed the national debt was 11.2 percent higher than the P16.31 trillion recorded in end-January 2025. For January alone, the outstanding debt was already 95 percent of the Marcos administration’s expected projection of P19.06 trillion this year. Despite posting a new record high, the Treasury said the debt level remains sustainable amid pressing challenges in the domestic and global landscape.

Source: Philippine Star March 04, 2026 16:38 UTC