THE country’s outstanding national debt has reached ₱18.55 trillion as of the end of May, marking a steady rise in the government’s total financial obligations.
According to the latest update from the Bureau of the Treasury released on Thursday, July 2, this figure reflects an increase of 0.41% or roughly ₱76.11 billion compared to the ₱18.47 trillion recorded just a month earlier in April.
The Treasury explained that the upward movement was mainly due to the government’s continued borrowing through domestic securities. It noted that financing requirements remained robust even amid global uncertainties, particularly the ongoing conflict in the Middle East, which has affected international markets and economic conditions. Raising funds locally remains a key strategy to cover public expenditures, infrastructure projects, and other priority programs.
Despite the increase, the government maintains that debt management remains a priority to ensure obligations are serviced sustainably. The latest figures provide a clear picture of the country’s fiscal standing, highlighting the balance between meeting national development needs and keeping debt levels manageable amid both domestic spending demands and external economic challenges.
metrosundaily
