Philippines External Debt Hits New Record Near $155 Billion
The Philippines' outstanding external debt reached a new record of $154.93 billion at the end of the second quarter of 2026, driven by new borrowings from the national government and the private sector. The debt-to-GDP ratio rose to 31.6%. The central bank maintains that the debt remains broadly manageable.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Philippines: Gasoline Prices Set for Significant Hike on November 3; Diesel, Kerosene to See Rollbacks
Gasoline prices in the Philippines are set to increase by up to P3.50 per liter starting November 3, while diesel and kerosene will see rollbacks of at least P1.00 and P1.90 per liter, respectively. This adjustment reflects global market dynamics and the country's import reliance.
- Philippines: Gasoline Prices to Rise Amid Middle East Tensions Affecting Oil Market
Gasoline prices in the Philippines are set to increase by up to P3.50 per liter starting November 3, while diesel and kerosene will see price rollbacks of P1.00 and P1.90 respectively. These adjustments are attributed to global oil market movements, influenced by ongoing developments in the Middle East.
- WTO Flags High Trade Costs, Regulatory Hurdles in Philippines
The World Trade Organization (WTO) has flagged the Philippines' trade costs as 20% higher than the ASEAN average, recommending the reduction of non-tariff barriers like import licensing and labeling requirements. Infrastructure development was also cited as a challenge.
- Philippines October Inflation Seen Hitting Over 3-Year High of 7.6%
Consumer prices in the Philippines may have surged to their fastest pace in over three years in October, fueled by rising food and oil costs and increased transport fares, intensifying pressure on the central bank for further interest rate hikes.