national government outstanding debt

National government outstanding debt as of July 2022

September 12, 2022

Amid 2023 national budget deliberations, the Marcos government proposes that a huge chunk goes to debt servicing. But the country’s bloated debt has not improved the lives of ordinary Filipinos.

National government outstanding debt as of May 2022

July 18, 2022

The country’s outstanding debt has hit record-levels. Did the pandemic really cause this or was this due to government’s policy missteps?

Duterte Legacy?

June 1, 2022

The economy that the Duterte administration painted in its final report was a fantasy. It omitted important numbers that show how it wasn’t an economy that worked for ordinary Filipinos. Download the landscape version of the infographic here.

Duterte’s Borrowing Binge (as of March 2022)

May 6, 2022

The Duterte administration leaves behind the biggest debt burden on the FIlipino people since the Marcos dictatorship.

Duterte’s borrowing binge

March 2, 2022

Government debt doubling in six years under the Duterte administration is the biggest increase since the Marcos dictatorship.

National Government Outstanding Debt

October 12, 2020

FACTLET

DEBT IS SOARING. The Bureau of the Treasury recently reported that national government’s outstanding debt reached Php9.6 trillion as of August 2020. This isn’t the end of it though, as debt is projected to reach Php10.2 trillion by the end of 2020, then Php12 trillion in 2021, and Php13.7 trillion in 2022.

PH Debt: All’s well that swells

June 13, 2020

The finance department underscores the need for government to borrow from foreign sources to fund its economic recovery plan. Multilateral and country creditors have unsurprisingly exploited the situation and recycled funds to lend. But do we really need to borrow for COVID-19 response? How are we going to pay for all of these debts?