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flag Philippines' national debt hit a record high of 16.05 trillion pesos in 2024, with borrowings up 17%.

flag The Philippine government's borrowings rose by 17% in 2024 to reach 2.56 trillion pesos, mainly funded by local lenders. flag Domestic borrowings increased to 1.92 trillion pesos, while foreign funding rose by 15% to 641.17 billion pesos. flag The national debt reached a record high of 16.05 trillion pesos. flag For 2025, the government plans to borrow 2.55 trillion pesos, with the majority coming from local sources.

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