Peso weakness pushes PH debt to new record high of P19.66 trillion

<p>The Philippines' sovereign debt piled up to a new historic high of P19.66 trillion as of the end of September, mostly driven by the peso's weakness which in turn raise the value of foreign currency denominated obligations.</p><p>Data released by the Bureau of the Treasury showed the national government's outstanding debt stock rose to P19.66 trillion, up 0.27% from P19.61 trillion as of end-August.</p><p>On a year-to-date basis, the running sovereign debt balance grew by 11.03% or P1.95 trillion, from the P17.71 trillion as of end-December 2025. </p><p>Of the total debt stock, domestic debt comprised 67.39%, while external obligations accounted for 32.61%.</p><p>Domestic debt stood at P13.25 trillion, up 0.07% or P8.78 billion, from the end-August level of P13.24 trillion.