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Gov’t debt swelled P1.19t to hit record P15.35t in May

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The government’s outstanding debt escalated by P1.19 trillion, or 8.4 percent, to reach a record P15.35 trillion as of end-May 2024 on continued borrowings and depreciation of the peso, data from the Bureau of the Treasury show.

Domestic debt went up by P134.34 billion, or 3.3 percent, to P10.44 trillion as of end-May from the previous month. Meanwhile, national government external debt reached P4.90 trillion as of end-May, P196.04 billion, or 4.2 percent higher than the end-April 2024 level of P4.70 trillion.

 

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