national-debt | ABS-CBN News

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 »

PH budget deficit shrinks in November as revenues grow

ABS-CBN News
Posted at Dec 27 02:12 PM

Treasury said that the fiscal gap narrowed as government revenues grew 16.57 percent, outperforming the 10.24 percent increase in expenditures in November. Read more »

PH debt rises to P13.64 trillion in October

ABS-CBN News
Posted at Dec 07 03:54 PM

The Philippines’ debt further climbed to P13.64 trillion in October from P13.51 trillion in September as the government continued to borrow. Read more »

Marcos administration umutang ng panibagong 2 bilyong dolyar

ABS-CBN News
Posted at Oct 06 11:20 PM

Bawat Pilipino ay may utang na higit P100,000 para mabayaran ang utang ng bansa, ayon sa eksperto. Read more »

Why Filipinos have P118,000 debt each

ABS-CBN News
Updated as of Oct 04 02:46 PM

The Philippine government is challenged to raise more revenues to cover amortization payments for its debt, which has ballooned to thirteen trillion pesos. Read more »

Economic ‘gameplan’ to be unveiled in Marcos SONA: Diokno

Art Fuentes, ABS-CBN News
Updated as of Jul 06 10:41 PM

Diokno said the Medium Term Fiscal Consolidation Framework, will lay out Marcos’ vision to grow the economy, reduce poverty and usher the country into upper middle income status. Read more »

The economy: Challenges and opportunities for the Marcos administration

Art Fuentes, ABS-CBN News
Posted at Jun 30 12:32 AM

President-elect Ferdinand Marcos Jr. will inherit an economy that appears to be outperforming its peers in bouncing back from the pandemic, but is also facing spikes in fuel prices, a possible food crisis, as well as ballooning debt levels. Read more »

What will Marcos inherit from Duterte?

ABS-CBN Investigative & Research Group
Updated as of Jun 30 10:41 AM

This is a comparison of socio-economic data at the start of the Duterte administration in 2016 with the latest available data as Ferdinand Marcos Jr. assumes office as the country’s 17th President in 2022. 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 »

New BIR chief eyes checks on influencers, professionals

Jekki Pascual, ABS-CBN News
Posted at Jun 20 08:27 PM

The BIR faces a huge task of raising revenue collections as the country's debt hit an all-time high of P12.76 trillion in April. Read more »

Cause for concern as PH debt doubles under Duterte, says think tank

Rowegie Abanto, ABS-CBN News
Posted at Jun 03 01:16 PM

The Philippines' national debt under the Duterte administration has doubled, IBON Foundation pointed out. Read more »

Diokno says PH can outgrow P12.68 trillion debt

ABS-CBN News
Posted at May 28 12:29 AM

The incoming Philippine finance secretary is confident of the country's ability to outgrow its outstanding debt and significantly bring down poverty. Read more »

DOF eyes new taxes, wider VAT to pay rising debt

ABS-CBN News
Updated as of May 25 04:54 PM

The Department of Finance is proposing to raise new taxes, defer personal income tax reductions, and expand VAT coverage among a slew of measures, to help pay the country’s ballooning 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 »

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 »

Cutting debt is top task of next admin: DOF

ABS-CBN News
Posted at Feb 22 04:21 PM

Bringing down the country’s debt, which ballooned during the pandemic, should be the first task of the next administration, said Finance Sec. Carlos Dominguez III. Read more »

Robredo: Debt not bad if it doesn't go to corruption

Jamaine Punzalan, ABS-CBN News
Posted at Jan 26 09:29 PM

VP Robredo said while taking out government loans is not necessarily bad, these should not go to corruption and must yield returns a thousandfold. Read more »

PH government debt hits P11.93 trillion in November

ABS-CBN News
Updated as of Dec 29 06:02 PM

The Philippine government’s debt hit P11.93 trillion in November, up P1.8 trillion or 17.7 percent from the same month last year, the Bureau of Treasury said. Read more »

Gov’t to borrow P300-B from BSP next year

ABS-CBN News
Posted at Dec 08 05:22 PM

Finance Secretary Carlos Dominguez III said Wednesday the government will borrow P300 billion from the Bangko Sentral ng Pilipinas next year. Read more »

PH debt hits record P11.97 trillion in October

ABS-CBN News
Updated as of Dec 01 04:06 PM

Since October last year, the government has added P1.9 trillion to the national debt. Read more »