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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: ₱16.02 trillion ($276.27 billion) (61.3% of GDP ...
Malacañang Palace in Manila is the official residence of the president. [note 1] Built in 1750, it has become a prominent symbol of and metonym for the office.Under the Constitution of the Philippines, the president of the Philippines (Filipino: Pangulo ng Pilipinas) is both the head of state and government, and serves as the commander-in-chief of the country's armed forces.
OTL # President Length of term 1: 10: Ferdinand Marcos: 20 years, 57 days: 7362 days 2: 14: Gloria Macapagal Arroyo: 9 years, 161 days: 3448 days 3: 2: Manuel L. Quezon
[1]: 81 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future. Examples include debt securities (such as bonds and bills), loans, and government employee pension obligations. [1]: 207 Net debt equals gross debt minus financial assets that are debt instruments.
In the Philippines, this is characterized by continuous and increasing levels of debt and budget deficits, though there were improvements in the last few years of the first decade of the 21st century. [2] The Philippine government's main source of revenue are taxes, with some non-tax revenue also being collected. To finance fiscal deficit and ...
Marcos ran for president on a campaign platform centered on national unity and continuity of the policies of Rodrigo Duterte, his predecessor. [20] [21] He won the 2022 elections, receiving 31,629,783 (58.77%) votes out of a total of 56,097,722, beating his closest rival, Liberal Party member and Vice President Leni Robredo by over 15 million votes.
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Rodrigo Duterte's six-year tenure as the 16th President of the Philippines began on June 30, 2016, succeeding Benigno Aquino III.He was the first president from Mindanao, the first president to have worked in all three branches of government, and the oldest to be elected. [1]