The country’s ballooning debt stock is expected to ease by year-end as the Bureau of the Treasury (BTr) rolls out major repayments and slows down borrowing.
As of end-July 2025, the national government’s outstanding debt stood at PHP17.56 trillion. But according to the BTr, this figure will decline in the coming months with PHP814.2 billion worth of domestic bonds set for redemption by December, while fundraising activities wind down.
The Treasury emphasized that borrowings are channeled into high-impact projects in education, healthcare, agriculture, infrastructure, and social services—key priorities of the Marcos Jr. administration.
Government data showed that financing remains heavily tilted toward domestic sources, with 76 percent of obligations raised from peso-denominated securities versus 24 percent from external borrowings. The strategy, the BTr said, reduces exposure to volatile foreign exchange movements.
“The Marcos Jr. administration remains committed to prudent debt management—leveraging strong investor confidence in peso securities while keeping costs low and ensuring fiscal sustainability, inclusive growth, and a more resilient Philippine economy,” the BTr said.
Officials also vowed to stay aligned with the Medium-Term Fiscal Program to maintain discipline in spending and borrowing, with the ultimate goal of long-term debt sustainability.