The Philippines’ total outstanding debt has ballooned to ₱17.2 trillion as of June 2025, according to the latest data from the Bureau of the Treasury (BTr).
The figure marks a 2.1% increase from the ₱16.918 trillion recorded in May, and an 11% jump from June 2024 levels. The Treasury attributed the spike to strong demand for government securities.
Domestic borrowings reached ₱11.950 trillion, driven by treasury bills and bonds. This continues the administration’s push to raise funds locally and reduce reliance on foreign loans.
Meanwhile, the country’s external debt also rose to ₱5.316 trillion, up 3.5% from the previous month. The BTr noted that both the domestic and external components reflect current financing strategies aimed at building a stronger economy and supporting market stability.
The agency emphasized that the borrowing strategy supports efforts to grow the local market and finance development programs, even as the total debt burden draws increased attention.
As borrowing continues, analysts and lawmakers are expected to keep a close eye on debt sustainability and its long-term impact on public services and the economy.
