debt-to-gdp | ABS-CBN News

Philippine debt rises slightly to P13.91 trillion as of April

ABS-CBN News
Posted at May 31 10:26 AM

The national government's total outstanding debt reached P13.91 trillion as of the end of April, the Bureau of Treasury said on Wednesday. Read more »

Fitch affirms BBB rating for PH, revises outlook to stable

ABS-CBN News
Updated as of May 22 08:14 PM

Fitch Ratings announced on Monday that it has affirmed the Philippines’ 'BBB' credit rating and revised its outlook to stable from negative. Read more »

UN proposes cutting debt of most vulnerable nations

Agence France-Presse
Posted at Feb 23 08:23 AM

The UN Development Program proposed reducing the debt of 52 low and middle-income countries, days before G20 finance ministers meet in India. Read more »

PH sovereign debt at P13.42 trillion as of end-December 2022

ABS-CBN News
Updated as of Feb 02 01:32 PM

The national government ended 2022 with a total outstanding debt of P13.42 trillion, the Bureau of Treasury said on Thursday. Read more »

Carpio: Maharlika fund a 'losing proposition'

Mike Navallo, ABS-CBN News ABS-CBN News
Posted at Dec 16 04:34 PM

“The annual cost of putting up and operating the fund will exceed the expected returns of the fund…Tayo malulugi. The public will pay in terms of taxes." Read more »

Maharlika fund should not be gov't priority: Nomura economist

Jekki Pascual, ABS-CBN News
Posted at Dec 09 04:22 PM

A sovereign wealth fund should not be the priority of the government given challenging global economic conditions and fiscal headwinds, Nomura Chief ASEAN Economist Euben Paracuelles said on Friday. Read more »

Revenue collection seen to surpass pre-pandemic level in 2022: Diokno

ABS-CBN News
Posted at Dec 06 10:45 AM

Finance Secretary Benjamin Diokno said revenue collections would surpass pre-pandemic levels this year. Read more »

PH debt rises to P13.02 trillion as of end-August

ABS-CBN News
Updated as of Sep 30 04:17 PM

The national government's total outstanding debt rose to P13.02 trillion as of the end of August, the Bureau of Treasury said. Read more »

PH shoots for highest investment grade territory: Marcos

Jessica Fenol, ABS-CBN News
Updated as of Sep 20 05:52 PM

President Marcos said the Philippines is gearing up to reach the highest investment grade credit rating territory in the next few years. Read more »

DOF denies debt payments eating a third of 2023 budget

ABS-CBN News
Updated as of Aug 25 04:22 PM

Debt service makes up just 11.6 percent of the proposed P5.268 trillion national budget for 2023, Finance Secretary Benjamin Diokno said Thursday. Read more »

[OPINION] All the King’s horses

Dean Dela Paz
Updated as of Jun 23 10:14 AM

High taxes and aggressive collection efforts will remain go-to instruments to mitigate adverse fiscal deficits and rating downsides. Unfortunately, these inflict heavily on businesses yet to recover, and a population cursed with inadequate wages worsened by historic inflation and the threat of stagflation. Read more »

Marcos wants econ recovery plan to guide taxes, debt payments

Jessica Fenol, ABS-CBN News
Posted at May 26 03:02 PM

President-elect Ferdinand Bongbong Marcos Jr on Thursday said he wants an economic recovery plan to guide fiscal policy including debt repayment. Read more »

E-sabong for taxes? Marcos spox says not so fast

Katrina Domingo, ABS-CBN News
Posted at May 17 08:45 PM

The camp of presumptive President Ferdinand "Bongbong" Marcos Jr. on Tuesday said he is not keen on tapping e-sabong to pay the country’s surging debt. Read more »

PH debt-to-GDP ratio balloons to 63.5 pct in March

ABS-CBN News
Updated as of May 13 10:06 AM

The Philippines' debt-to-GDP ratio ballooned to 63.5 percent in March from 60.4 percent in December, government data showed. Read more »

Next administration to inherit 'better economy', higher debt: Diokno

Jessica Fenol and Michelle Ong, ABS-CBN News
Posted at May 02 11:26 AM

The next administration will inherit a "much better economy" coupled with an increased debt-to-GDP ratio due to the COVID-19 pandemic, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Monday. Read more »

PH debt-to-GDP ratio seen to decline as pandemic fades

Jessica Fenol, ABS-CBN News
Posted at Apr 05 02:05 PM

The National Government's debt reached P12.09 trillion in February 2022. Read more »

PH posts P12.09 trillion debt in February

ABS-CBN News
Posted at Mar 31 11:40 AM

The Philippines posted a total of P12.09 trillion in outstanding national government debt as of the end of February, the Bureau of Treasury said. Read more »

High debt-to-GDP ratio not cause for worry: BSP

ABS-CBN News
Updated as of Mar 01 12:51 PM

The Philippines' over 60 percent debt-to-GDP ratio for 2021 is not a cause for concern, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Tuesday. Read more »

PH has ‘limited fiscal space’ as debt rises: ADB

Warren de Guzman, ABS-CBN News
Updated as of Feb 23 03:58 PM

The ADB study said the Philippines was one of several countries that have a limited capacity to take on unforeseen expenditures in a sound manner. Read more »

Dominguez says next govt facing higher debt, inflation

Warren de Guzman, ABS-CBN News
Posted at Dec 08 03:59 PM

The next administration will face higher debt, inflation and inequality due to the COVID-19 pandemic, said Finance Secretary Carlos Dominguez III on Wednesday. Read more »