Gov’t debt pile rose to record P19.6T in August

Gov’t debt pile rose to record P19.6T in August

MANILA, Philippines — The Philippine government’s debt climbed to a record P19.61 trillion in August, nearing its full-year target as continued borrowing and a weaker peso pushed it higher. On Wednesday, the Bureau of Treasury said total outstanding debt rose 1.12 percent from the previous month. READ: PH debt levels remain sustainable — DOF The debt pile has grown 10.72 percent, or nearly P1.9 trillion, since the start of the year. READ: PH gov’t debt seen surging to record high P21.5T in ’27 A