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flag Philippines' national debt hits PHP 16.09 trillion, driven by financing and peso depreciation.

flag The Philippines' national debt reached PHP 16.09 trillion by November 2024, up 0.4% from the previous month, due to increased financing and the depreciation of the Philippine Peso against the US dollar. flag Domestic debt makes up 67.87% of the total, rising by 0.3% to PHP 10.92 trillion, while external debt increased by 0.8% to PHP 5.17 trillion. flag Since January 2024, external debt has grown by 12.4%.

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