
National debt climbs amid infrastructure spending and pandemic recovery
The Philippines’ national debt has crossed the ₱17 trillion mark as of June, driven by infrastructure investments and fiscal measures to support post-pandemic recovery.
Economic officials acknowledged the rise but assured the public that the debt remains manageable under current growth forecasts.
Lawmakers are urging continued fiscal discipline to ensure long-term sustainability and protect future generations from excessive debt burdens.
Economic officials acknowledged the rise but assured the public that the debt remains manageable under current growth forecasts.
Lawmakers are urging continued fiscal discipline to ensure long-term sustainability and protect future generations from excessive debt burdens.