The national debt of the Philippines is the total debt, or unpaid borrowed funds, carried by the national government of the Philippines. As of March 2022, the general government debt of the Philippines amounts to ₱12.03 trillion ($232,255,149,900).[1] The debt-to-GDP ratio, which reflects the ability to pay obligations, will jump from 39.6 percent in 2019 to 53.9 percent in 2020 and 58.1 percent in 2021.[2]
- Domestic debt:
₱8.37 trillion ($159.7 billion) (January 2022)[2]
- External debt:
₱3.66 trillion ($69.8 billion) (January 2022)[2]
- Total debt:
₱12.03 trillion ($229.5 billion) (January 2022)[2]
General Government Debt
Fiscal year | Domestic | Foreign | National Government Debt | General Government Debt | % of GDP | GDP |
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2005 | ![]() |
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2006 | ![]() |
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2007 | ![]() |
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2008 | ![]() |
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2009 | ![]() |
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2010 | ![]() |
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2011 | ![]() |
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2012 | ![]() |
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2013 | ![]() |
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2014 | ![]() |
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2015 | ![]() |
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2016 | ![]() |
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2017 | ![]() |
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2018 | ![]() |
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2019[4] | ![]() |
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2020[4] | ![]() |
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2021 [5] | ![]() |
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2022 | ![]() |
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References
- ^ Caraballo, Mayvelin U. (March 4, 2022). "PH debt hits P12-T mark at end-January". The Manila Times.
- ^ a b c d "National Government Debt Recorded at P12.03 Trillion as of end-January 2022" (PDF). Bureau of the Treasury. March 2022. Retrieved May 31, 2022.
- ^ "General Government Debt". Department of Finance. Retrieved June 7, 2020.
- ^ a b "Selected Economic and Financial Indicators" (PDF). Bangko Sentral ng Pilipinas. Retrieved January 8, 2021.
- ^ "Philippine debt balloons to new record-high P12.76T as of end-April". GMA News Online. Retrieved June 2, 2022.