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National debt of the Philippines

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The national debt of the Philippines is the total debt, or unpaid borrowed funds, carried by the national government of the Philippines. As of the end of October 2024, the total national debt of the Philippines amounts to ₱15.1889 trillion ($273.9 billion).[1]

  • Total outstanding debt: Negative increase ₱16.02 trillion ($276.27 billion) (61.3% of GDP) (October 2024)[1]
    ∟Domestic debt: Negative increase ₱10.89 trillion ($187.80 billion) (41.6% of GDP) (October 2024)[1]
    ∟External debt: Negative increase ₱5.13 trillion ($88.47 billion) (19.6% of GDP) (October 2024)[1]
  • Gross external debt:Negative increase $111.3 billion (27.5% of GDP) (F.Y. 2021-22)[2][3]

General Government Debt

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General Government Debt of the Philippines in billions of pesos[4]
Fiscal year Domestic Foreign National Government Debt General Government Debt % of GDP GDP
2005 Steady 2,164.3 Steady 1,723.9 Steady 3,888.2 Steady 3,359.5 Steady 56.8% Steady 5,917.3
2006 Positive decrease 2,154.1 Positive decrease 1,697.4 Positive decrease 3,851.5 Positive decrease 3,230.0 Positive decrease 49.3% Increase 6,550.4
2007 Negative increase 2,201.2 Positive decrease 1,511.3 Positive decrease 3,712.5 Positive decrease 3,044.2 Positive decrease 42.3% Increase 7,198.2
2008 Negative increase 2,414.4 Negative increase 1,806.5 Negative increase 4,220.9 Negative increase 3,406.5 Positive decrease 49.3% Increase 8,050.2
2009 Negative increase 2,470.0 Negative increase 1,926.6 Negative increase 4,396.6 Negative increase 3,555.7 Positive decrease 42.4% Increase 8,390.4
2010 Negative increase 2,718.2 Negative increase 2,000.0 Negative increase 4,718.2 Negative increase 3,854.7 Positive decrease 41.0% Increase 9,399.5
2011 Negative increase 2,873.4 Negative increase 2,077.8 Negative increase 4,951.2 Negative increase 4,020.4 Positive decrease 39.6% Increase 10,144.7
2012 Negative increase 3,468.4 Positive decrease 1,968.7 Negative increase 5,437.1 Negative increase 4,288.7 Positive decrease 38.8% Increase 11,060.6
2013 Negative increase 3,733.4 Positive decrease 1,947.7 Negative increase 5,681.2 Negative increase 5,012.0 Positive decrease 37.6% Increase 12,050.6
2014 Negative increase 3,820.6 Positive decrease 1,914.6 Negative increase 5,735.2 Negative increase 5,099.3 Positive decrease 34.8% Increase 13,206.8
2015 Negative increase 3,884.4 Negative increase 2,070.2 Negative increase 5,954.5 Negative increase 5,338.2 Positive decrease 34.6% Increase 13,994.2
2016 Negative increase 3,934.1 Negative increase 2,156.2 Negative increase 6,090.3 Negative increase 5,547.8 Positive decrease 33.2% Increase 15,132.4
2017 Negative increase 4,441.3 Negative increase 2,211.2 Negative increase 6,652.4 Negative increase 6,221.4 Negative increase 34.9% Increase 16,556.7
2018 Negative increase 4,776.9 Negative increase 2,515.6 Negative increase 7,292.5 Negative increase 6,887.3 Positive decrease 34.4% Increase 18,265.2
2019[5] Negative increase 5,128.0 Negative increase 2,604.0 Negative increase 7,731.3 Negative increase 7,227.7 Negative increase 39.6% Increase 19,516.4
2020[5] Negative increase 7,077.0 Negative increase 2,950.0 Negative increase 9,795.0 Negative increase 9,269.2 Negative increase 53.9% Decrease 17,937.6
2021[6] Negative increase 8,170.4 Negative increase 3,558.1 Negative increase 11,728.5 Negative increase 11,167.6 Negative increase 58.1% Increase 19,390
2022 Negative increase 9,208.4 Negative increase 4,210.5 Negative increase 13,418.9 Negative increase 12,887.9 Negative increase 60.9% Increase 22,023
2023 Negative increase 9,700.0 Negative increase 4,450.0 Negative increase 14,150.0 Positive decrease 58.3% Increase 24,276

References

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  1. ^ a b c d Cabuenas, Jon Viktor D. (December 3, 2024). "Philippines debt hits P16 trillion as of end-October 2024". GMA News Online. Retrieved December 9, 2024.
  2. ^ "BSP External Debt FAQs" (PDF). Bangko Sentral ng Pilipinas. Archived from the original on March 13, 2023. Retrieved January 1, 2023.
  3. ^ "Philippines external debt hits record high $111.3 billion in 2022". Philippine Star. Retrieved March 20, 2023.
  4. ^ "General Government Debt". Department of Finance. Retrieved December 9, 2024.
  5. ^ a b "Selected Economic and Financial Indicators" (PDF). Bangko Sentral ng Pilipinas. Retrieved January 8, 2021.
  6. ^ "Philippine debt balloons to new record-high P12.76T as of end-April". GMA News Online. Retrieved June 2, 2022.
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