The national debt of the Philippines is the total debt, or unpaid borrowed funds, carried by the national government of the Philippines. As of end-June 2023, the total national debt of the Philippines amounts to ₱14.15 trillion ($254.99 billion).[1]

  • Total outstanding debt: Negative increase ₱14.15 trillion ($254.99 billion) (58.3% of GDP) (June 2023)[1]
    ∟Domestic debt: Negative increase ₱9.70 trillion ($174.80 billion) (40.0% of GDP) (June 2023)[1]
    ∟External debt: Negative increase ₱4.45 trillion ($80.19 billion) (18.3% of GDP) (June 2023)[1]
  • Gross external debt:Negative increase $111.3 billion (27.5% of GDP) (F.Y. 2021-22)[2][3]

General Government Debt

General Government Debt of the Philippines in billions of pesos[4]
Fiscal year Domestic Foreign National Government Debt General Government Debt  % of GDP GDP
2005 Steady 2,164.3 Steady 1,723.9 Steady 3,888.2 Steady 3,359.5 Steady 56.8% Steady 5,917.3
2006 Positive decrease 2,154.1 Positive decrease 1,697.4 Positive decrease 3,851.5 Positive decrease 3,230.0 Positive decrease 49.3% Increase 6,550.4
2007 Negative increase 2,201.2 Positive decrease 1,511.3 Positive decrease 3,712.5 Positive decrease 3,044.2 Positive decrease 42.3% Increase 7,198.2
2008 Negative increase 2,414.4 Negative increase 1,806.5 Negative increase 4,220.9 Negative increase 3,406.5 Positive decrease 49.3% Increase 8,050.2
2009 Negative increase 2,470.0 Negative increase 1,926.6 Negative increase 4,396.6 Negative increase 3,555.7 Positive decrease 42.4% Increase 8,390.4
2010 Negative increase 2,718.2 Negative increase 2,000.0 Negative increase 4,718.2 Negative increase 3,854.7 Positive decrease 41.0% Increase 9,399.5
2011 Negative increase 2,873.4 Negative increase 2,077.8 Negative increase 4,951.2 Negative increase 4,020.4 Positive decrease 39.6% Increase 10,144.7
2012 Negative increase 3,468.4 Positive decrease 1,968.7 Negative increase 5,437.1 Negative increase 4,288.7 Positive decrease 38.8% Increase 11,060.6
2013 Negative increase 3,733.4 Positive decrease 1,947.7 Negative increase 5,681.2 Negative increase 4,529.9 Positive decrease 37.6% Increase 12,050.6
2014 Negative increase 3,820.6 Positive decrease 1,914.6 Negative increase 5,735.2 Negative increase 4,602.5 Positive decrease 34.8% Increase 13,206.8
2015 Negative increase 3,884.4 Negative increase 2,070.2 Negative increase 5,954.5 Negative increase 4,828.8 Positive decrease 34.6% Increase 13,994.2
2016 Negative increase 3,934.1 Negative increase 2,156.2 Negative increase 6,090.3 Negative increase 5,016.9 Positive decrease 33.2% Increase 15,132.4
2017 Negative increase 4,441.3 Negative increase 2,211.2 Negative increase 6,652.5 Negative increase 5,778.8 Negative increase 34.9% Increase 16,556.7
2018 Negative increase 4,776.9 Negative increase 2,515.6 Negative increase 7,292.5 Negative increase 6,280.6 Positive decrease 34.4% Increase 18,265.2
2019[5] Negative increase 5,128.0 Negative increase 2,604.0 Negative increase 7,731.0 Negative increase 39.6% Increase 19,516.4
2020[5] Negative increase 7,077.0 Negative increase 2,950.0 Negative increase 10,028.0 Negative increase 53.9% Decrease 17,937.6
2021[6] Negative increase 8,170.4 Negative increase 3,558.1 Negative increase 11,728.5 Negative increase 58.1% Increase 19,390
2022 Negative increase 9,208.4 Negative increase 4,210.5 Negative increase 13,418.9 Negative increase 60.9% Increase 22,023
2023 Negative increase 9,700.0 Negative increase 4,450.0 Negative increase 14,150.0 Positive decrease 58.3% Increase 24,276

References

  1. 1 2 3 4 "National Government Debt Recorded at P14.15 Trillion as of end-June 2023" (PDF). Bureau of the Treasury. August 2023. Retrieved November 26, 2023.
  2. ↑ "BSP External Debt FAQs" (PDF). Bangko Sentral ng Pilipinas. Archived from the original on March 13, 2023. Retrieved January 1, 2023.
  3. ↑ "Philippines external debt hits record high $111.3 billion in 2022". Philippine Star. Retrieved March 20, 2023.
  4. ↑ "General Government Debt". Department of Finance. Retrieved June 7, 2020.
  5. 1 2 "Selected Economic and Financial Indicators" (PDF). Bangko Sentral ng Pilipinas. Retrieved January 8, 2021.
  6. ↑ "Philippine debt balloons to new record-high P12.76T as of end-April". GMA News Online. Retrieved June 2, 2022.
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