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Philippines' national debt hit a record high of 16.05 trillion pesos in 2024, with borrowings up 17%.
The Philippine government's borrowings rose by 17% in 2024 to reach 2.56 trillion pesos, mainly funded by local lenders.
Domestic borrowings increased to 1.92 trillion pesos, while foreign funding rose by 15% to 641.17 billion pesos.
The national debt reached a record high of 16.05 trillion pesos.
For 2025, the government plans to borrow 2.55 trillion pesos, with the majority coming from local sources.
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La deuda nacional de Filipinas alcanzó un récord de 16,05 billones de pesos en 2024, con un aumento de los préstamos del 17%.