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Philippines' national debt hits PHP 16.09 trillion, driven by financing and peso depreciation.
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.
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.
Since January 2024, external debt has grown by 12.4%.
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La deuda nacional de Filipinas alcanza los 16,09 billones de PHP, impulsados por la financiación y la depreciación del peso.