Marcos admin records fastest debt buildup in recent history

Manila Bulletin - Marcos admin records fastest debt buildup in recent history

Marcos admin records fastest debt buildup in recent history

The Marcos administration has accelerated sovereign borrowing at the fastest rate of any presidency in recent history, expanding a national government obligations pile inherited from the previous administration. Data from the Department of Finance (DOF) showed that the cumulative borrowings added by the current administration reached ₱6.3 trillion by mid-2026, building on the ₱12.79 trillion in debt left behind by former President Rodrigo Duterte.