PH gov’t debt hits P19T in June, P166K burden per Filipino

The national government’s outstanding debt reached the P19.1‑trillion mark in June 2026, amounting to roughly P166,077 per Filipino, according to the Bureau of the Treasury.

Month‑on‑month, the debt rose by 2.8 percent from May’s P18.55 trillion, while year‑on‑year growth reached 10.4 percent from June 2025.

Domestic borrowings accounted for 66.7 percent of the total, raised mainly through government securities and loans from local institutions.

External debt made up the remaining 33.3 percent, with the bulk denominated in US dollars at 77.8 percent, followed by Japanese yen at 11.2 percent, euro at 9.5 percent, peso at 0.9 percent, and other currencies at 0.6 percent.

Economists warn that the rapid pace of debt accumulation raises concerns about fiscal sustainability, as rising interest payments could crowd out funding for social services and infrastructure.

The Bureau of the Treasury (BOTr) emphasized that debt management strategies will focus on lengthening maturities and diversifying funding sources to mitigate risks.