The total outstanding debt of the government crossed the P16-trillion mark in October, equivalent to about 60.3 percent of the local economy, as a weak currency bloated the peso value of foreign liabilities.

THE Philippine government’s outstanding debt surged to P16.02 trillion by the end of October 2024, reflecting a 0.8 percent increase or an a

The peso’s depreciation pushed the country’s debt to breach the P16-trillion mark in October, a new record high in outstanding obligations, the Bureau of the Treasury (BTr) said. Latest data from the Treasury showed that the national debt settled at P16.

PH GOVERNMENT DEBT - The Bureau of Treasury (BTr) said the Philippine government debt has reached the P13 trillion mark.

The Philippine government’s total outstanding debt passed the P16-trillion mark in October, due mainly to the impact of the depreciation of the peso against the US dollar, government data released on Tuesday showed.