Philippine debt as of June 2022
National government outstanding debt (as of June 2022)
August 10, 2022
Any country’s debt is acceptable as long as it is duly spent on the people’s and nation’s needs. But instead of going to subsidies for more Filipinos, producers and small businesses amid the pandemic, economic collapse and soaring prices, the national budget has been eaten up by non-urgent infrastructure and debt-servicing.