FACT: PH National Government debt reaches record ₱19.61 trillion

An online post has circulated claiming that Philippine government debt reached a record ₱19.61 trillion at the end of August. It also says that the BSP warned September inflation could reach 6.4%–7.4% and that the peso remained around ₱62.64 per US dollar.

CLAIM: 

The Philippine government debt reached ₱19.61 trillion at the end of August 2026 and that September inflation could reach 6.4%–7.4%, up from 6.1% in August, with peso around ₱62.64 per US dollar.

RATING: FACT 

CONCLUSION: 

The post’s figures are supported by available data. The Bureau of the Treasury reported ₱19.61 trillion in National Government debt at the end of August 2026, up from ₱19.39 trillion in July. The BSP also projected September inflation at 6.4%–7.4%, while the peso remained around the ₱62-per-dollar level. 

THE FACTS

• The National Government’s outstanding debt reached ₱19.61 trillion as of the end of August 2026. 
• The debt increased by ₱217.62 billion, or 1.12%, from ₱19.39 trillion in July. The increase marked the fourth consecutive monthly rise in National Government debt.
• Of this amount, domestic debt accounted for 67.53%, while external debt made up 32.47% of the total. 
• Meanwhile, the Bangko Sentral ng Pilipinas projected September inflation at 6.4%–7.4%, with higher food and fuel prices and peso depreciation identified as possible upward pressures. 
• The Philippine peso closed at ₱62.64 per US dollar on Wednesday, September 30, 2026, reflecting continued pressure on the local currency. 

THE BOTTOMLINE 

The post accurately reports the latest debt, inflation, and exchange-rate figures, while its statement on future economic growth remains a projection.