2024 Jan-Jul, the Philippine government borrowed Php1.759T ($33.6B), a 15.5% increase from 2023, with 84.

From January to July 2024, the Philippines' government borrowed Php1.759 trillion ($33.6 billion), marking a 15.5% increase from the previous year, with 84.34% sourced domestically. July alone saw a 43% rise in borrowings, mainly from domestic lenders. The government plans to borrow Php2.57 trillion for the year, aiming for a 75% domestic and 25% foreign mix, raising total debt to Php16.056 trillion by year-end.

September 01, 2024
6 Articles

Further Reading