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National debt of the Philippines

(Redirected from External debt of the Philippines)

The national debt of the Philippines is the total debt, or unpaid borrowed funds, carried by the national government of the Philippines. As of the end of February 2024, the total national debt of the Philippines amounts to ₱15.18 trillion ($269.4 billion).[1]

  • Total outstanding debt: Negative increase ₱14.62 trillion ($264.49 billion) (58.3% of GDP) (December 2023)[2]
    ∟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)[3][4]

General Government Debt

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

References

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  1. ^ a b c "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. ^ "Philippines exceeds debt payment goals in 2023". Bilyonaryo .com. March 11, 2024. Retrieved March 12, 2024.
  3. ^ "BSP External Debt FAQs" (PDF). Bangko Sentral ng Pilipinas. Archived from the original on March 13, 2023. Retrieved January 1, 2023.
  4. ^ "Philippines external debt hits record high $111.3 billion in 2022". Philippine Star. Retrieved March 20, 2023.
  5. ^ "General Government Debt". Department of Finance. Retrieved June 7, 2020.
  6. ^ a b "Selected Economic and Financial Indicators" (PDF). Bangko Sentral ng Pilipinas. Retrieved January 8, 2021.
  7. ^ "Philippine debt balloons to new record-high P12.76T as of end-April". GMA News Online. Retrieved June 2, 2022.
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