Economy
PH Debt Hits Fresh Peak of P19.39 Trillion in July
The Philippine government's outstanding debt reached a fresh all-time high of P19.39 trillion by the end of July, driven by new borrowings and the peso's depreciation. Both domestic and external debts saw increases, bringing the total close to 98% of the government's annual debt program.
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- Philippines Debt Pile Grows to P19.39 Trillion in July
The Philippines' outstanding government debt surged to a record P19.39 trillion by the end of July, driven by domestic and external borrowings and the peso's depreciation affecting foreign currency-denominated obligations. Per capita debt also rose.