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Gov’t nears P2.6-T borrowing cap
Manila Bulletin
|October 27, 2025
It can be recalled that the Marcos administration’s gross borrowings surged to 2.56 trillion in 2024, a 16.9 percent increase from P2.19 trillion in the previous year, driven by a sharp rise in both domestic and foreign debt.
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Last year’s total borrowings exceeded the administration’s borrowing plan by P100 billion. It was 4.07 percent higher than the programmed P2.46 trillion for the year.
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