The Philippines’ national debt has risen to over P19 trillion in June, driven by net borrowing from both domestic and foreign sources to finance national development projects, according to the Bureau of Treasury. I via ANC 24/7 Full story link in the comm
The Philippines’ national debt has risen to over P19 trillion in June, driven by net borrowing from both domestic and foreign sources to finance national development projects, according to the Bureau of Treasury. I via ANC 24/7 Full story link in the comments se - facebook.com
Source: facebook.com
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DW NOTE
The Philippines carries ₱19 trillion in sovereign debt — 125% of GDP by mid-2026 estimates — to fund infrastructure projects whose returns will accrue decades after the interest comes due. Manila borrows at 6-7% in pesos while inflation runs above 3%, meaning real rates barely clear 3% on bonds backed by tax receipts from an economy that grows 5-6% in good years. The Treasury calls this development finance. Bondholders call it a carry trade with a flag.