MANILA, Philippines — The national government’s outstanding debt is projected to climb to a record P21.479 trillion by end-2027 amid the peso’s depreciation and a slower pace of fiscal consolidation, according to the Department of Budget and Management (DBM).
In its Budget of Expenditures and Sources of Financing for fiscal year 2027, the DBM said next year’s debt stock projection assumes a peso-dollar exchange rate of P62 against the dollar.
READ: PH debt hits new peak at P18.55T
Article continues after this advertisement
Notably, the peso has weakened amid market volatility stemming from the Middle East war.FEATURED STORIES
