Philippine National Debt Surpasses P19.6 Trillion in August

The Philippines' National Government debt reached P19.607 trillion by the end of August, a 12.24% year-on-year increase. This rise was driven by domestic and foreign borrowings, with the peso's depreciation significantly boosting the peso value of foreign-currency denominated debt. The debt stock now represents over 99% of the projected borrowing level for the end of 2026.