Gov't borrowings surge 75% in Nov

The national government's borrowings surged by 75 percent year-on-year in November 2025, with data from the Bureau of the Treasury (BTr) showing a higher domestic debt than foreign exchange-dependent credit.

- By MARCO LUIS BEECH

Based on the national government's financing from the Treasury, the country's gross borrowings increased to P113.53 billion in November 2025 from P65.04 billion in the same period a year earlier.

Of this amount, gross domestic borrowings reached P78 billion in November last year, representing a nearly 60-percent increase compared to the P48.9 billion recorded in November 2024, underscoring a marked rise in domestic financing activities over the period.