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PH government debt climbs, private borrowings slide
Manila Bulletin
|September 26, 2025
‘ile government debt continues to pile up, private businesses and individuals in the Philippines hold back on borrowings amid conditions not too conducive to debt accumulation.
The latest data from the Washington-based Institute of International Finance (IIF), released on Thursday, Sept. 25, showed that the share of Philippine government debt to gross domestic product (GDP) rose to 57.8 percent at the end of the second quarter of 2025 from 56.7 percent a year ago.
“Governments keep borrowing to fund health, defense, and climate needs,” Robert Dan Roces, group economist at Sy family-led conglomerate SM Investments Corp. (SMIC), explained to Manila Bulletin.
Cette histoire est tirée de l'édition September 26, 2025 de Manila Bulletin.
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