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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]
Amending Executive Order No. 125, Series of 2021, entitled Creation of the National Amnesty Commission November 22, 2023 [47] 48 Adjusting the dividend rate of the Development Bank of the Philippines for Calendar Year 2022 pursuant to Section 5 of Republic Act No. 7656 November 28, 2023 [48] 49
Countries by household debt, loans and debt securities as % of GDP 1980 to 2022 [1] Country 2022 2021 2018 2017 2016 2015 2010 2005 2000 ... Philippines: 16.3: 16.2 ...
[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 ...
To reduce the country's debt, which rose to ₱12.68 trillion as of March 2022, in May that year, the Duterte administration's economic team proposed to the incoming Marcos administration a fiscal consolidation plan containing corrective tax measures including the expansion of value-added tax to raise government revenues. [348]
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This is a list of countries by estimated future gross [clarification needed] central government debt based on data released in October 2020 by the International Monetary Fund, with figures in percentage of national GDP.