PH debt climbing further to over

Secretary Romeo Matthew T. Balanquit said the Philippines is “not lagging” in terms of the current debt-to-GDP ratio performance.

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Balanquit presented comparative data showing the Philippines’ debt ratio is lower than Malaysia’s 70.4 percent, Singapore’s 173.1 percent, and Thailand’s 63.7 percent. It is also below the levels of developed countries, such as Japan’s 236.7

percent, the United States’ (US) 124.3 percent, China’s 88.3 percent, and Germany’s 62.5 percent. Gross borrowings

For 2026 alone, gross borrowings will hit 2.68 trillion, up by 3.1 percent from 2.6 trillion by end-2025.