Philippine debt

Borrow, Borrow More

August 4, 2025

National government outstanding debt as of May 2023

July 7, 2023

The national government outstanding debt has reached Php14 trillion and the Marcos Jr administration has the highest monthly average increase in outstanding debt compared to the past administrations.

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.

New taxes to pay for Duterte indulgences, not for COVID response—IBON

May 26, 2022

The DOF’s proposed new taxes for the incoming administration are for paying off the Duterte government’s relentless borrowing for its infrastructure and debt servicing fetish, not for much-needed COVID-19 response.