Philippines Debt Burden Reaches 33-Year High at 66% of GDP in H1 2026
The Philippines' debt-to-gross domestic product (GDP) ratio reached 66% in the first half of 2026, its highest level since 1993. This increase, exceeding the internationally manageable threshold of 60%, is attributed to slower economic growth and record-high sovereign debt. The government aims to reduce the ratio to below 60% by 2028.
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