The national government’s outstanding debt climbed to P17.56 trillion by the end of July 2025, marking an 11.9% increase from July 2024 and a 1.7% rise compared to June 2025.
This increase—by over P1.8 trillion year-on-year—reflects ongoing fiscal efforts to support infrastructure, education, healthcare, and agricultural programs.
In contrast, June’s figure was recorded at around ₱17.27 trillion, while debt stood at approximately ₱16.92 trillion in May.
The Bureau of the Treasury noted that the debt’s domestic share has risen, now comprising around 69% of total borrowings, a slight increase from 68.1% at the end of 2024.
This trend underscores the government’s focus on minimizing exposure to foreign exchange fluctuations by favoring peso-denominated securities.
Looking ahead, the Treasury anticipates that part of this debt may be reduced toward the year's end as the government plans to repay approximately ₱814.2 billion in domestic bonds by December.
As debt continues to rise, the challenge lies in whether repayments will balance steep borrowing—a dynamic that could shape fiscal strategies in the months ahead.
